Visa Launches Global AI Advisory Practice
Visa has launched an advisory practice to help clients unlock the potential of artificial intelligence. The advisory service will be a Visa Consulting & Analytics (VCA) component. It will concentrate on “delivering actionable insights and recommendations to enable clients to harness generative AI and unlock the potential of AI,” per a press statement. Visa introduced […]
Visa Completes Hong Kong CBDC Pilot Test with Local Banks
Visa has completed the e-HKD Central Bank Digital Currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank for the Hong Kong Monetary Authority. According to an announcement made on November 1, the e-HKD Programme involves the tokenization of deposits, in which the money entrusted with a bank is minted on the firm’s blockchain ledger, […]
Visa Exec Says Crypto Cards Made $3B in Payments Volume
Visa executive Akshay Chopra discloses that the company’s partnerships with cryptocurrency exchanges have facilitated payments worth billions of dollars. According to a Visa executive, integrating traditional payment cards with cryptocurrency exchanges plays a crucial role in promoting the adoption of digital assets. During a panel at the Blockchain Economy Dubai Summit, Visa’s vice president, chief […]
Visa Card Users Can Now Pay Gas Fees on Ethereum
Visa is experimenting with a solution that allows users to pay gas fees on Ethereum transactions with their Visa cards, using the ERC-4337 standard and the Paymaster smart contract. Visa’s Solution for Gas Fee Payment Visa’s solution uses the ERC-4337 standard, which enables account abstraction on Ethereum, and the Paymaster smart contract, which allows third […]
Host of Companies Set to Partake in Brazil’s CBDC Pilot
National and international companies, including Visa, Microsoft, and Santander, will participate in the Brazilian central bank’s upcoming digital currency pilot project (CBDC). The central bank released the final list of CBDC pilot participants on May 24. Participants were selected from 36 bids submitted by single corporations and consortia, “totalling more than 100 institutions.” The total […]