I know there was some mention of Bitcoin in other threads the other week but interesting that VISA have seemingly patented a fiat currency idea using blockchain
Given this was seemingly a time where things are being ripped up and “anything” can be the new normal. There was always the view that shops “had” to allow cash yet alreadyin the space of weeks most are actively trying to encourage people only to use electronic payments where possible. Almost like it’s striking whilst the iron is hot. Also not sure how something works when Visa obviously only really has MasterCard as an opponent and how one or the other can coexist if it does change the concepts.
Despite working at a blockchain dependent company I’m still utterly baffled by it all frankly
Visa And The Digital Dollar On Ethereum (NYSE:V)
The U.S. Patent and Trademark Office (USPTO) has recently published that Visa has filed a patent application for a digital fiat currency.
seekingalpha.com
Given this was seemingly a time where things are being ripped up and “anything” can be the new normal. There was always the view that shops “had” to allow cash yet alreadyin the space of weeks most are actively trying to encourage people only to use electronic payments where possible. Almost like it’s striking whilst the iron is hot. Also not sure how something works when Visa obviously only really has MasterCard as an opponent and how one or the other can coexist if it does change the concepts.
Despite working at a blockchain dependent company I’m still utterly baffled by it all frankly