Wednesday, April 24, 2024
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Visa completes digital Hong Kong dollar pilot test with local banks

Payment processor Visa has completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) pilot program with HSBC and Hang Seng Bank. According to the Nov. 1 announcement, the e-HKD program involves tokenization of deposits, where the money deposited with a bank is minted on the firm’s own blockchain ledger with the

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Fiat24 proposes Uniswap branded Visa card 

Swiss-regulated blockchain bank Fiat24 issued a temperature check on the Uniswap DAO to approve a branded Visa card, though governance delegates have trademark concerns.  Fiat24, which runs atop Ethereum L2 network Arbtrium, would issue a Visa card featuring Uniswap’s logo if the decentralized autonomous organization (DAO) governing crypto’s largest on-chain exchange

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Binance shutting down European Visa debit card in December

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.According to a Binance letter to customers posted online, the Binance card issuer, Finansinės paslaugos “Contis” — or Contis

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Crypto cards facilitated $3B payment volume since 2021 exchange deals — Visa exec

The integration of conventional payment cards with cryptocurrency exchanges is playing a crucial role in driving the adoption of digital assets, according to a Visa executive.Speaking to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit, Visa’s vice president, head of innovation and design, Akshay Chopra,

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China’s Digital Yuan Wallet Enables Visa and Mastercard ‘Pre-Charge’ for Tourists

Tourists have the option of re-loading their e-CNY wallets with physical cash at local banks and reverting any balance left over to their original bank card or account. China’s digital yuan app now has a “recharge first and use later” feature that allows tourists to top up their wallets using Mastercard

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Visa to Adds Solana for Cross-Border Payments with ‘Multiple Blockchains’ and CBDCs to Follow

Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments. Payments giant Visa Inc (NYSE: V) will rely on multiple blockchains in the future. This is according to a blog post by the company’s Head of Crypto Cuy Sheffield dated September 6. In the post,

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