Cryptocurrency
BitPay, Coinbase or Others: Can Anybody Replace Visa? via @cointelegraph
As reported by CoinTelegraph, “The issue of transition to decentralised payment networks was raised again last week. On June 1, Visa, which usually processes more than 150 mln transactions daily, suddenly failed. Millions of people in the UK and Europe were unable to pay for goods or services, and Visa payments were also disrupted for US […]
As reported by CoinTelegraph, “The issue of transition to decentralised payment networks was raised again last week. On June 1, Visa, which usually processes more than 150 mln transactions daily, suddenly failed. Millions of people in the UK and Europe were unable to pay for goods or services, and Visa payments were also disrupted for US residents.
“Several hours later, the problem was solved, but the mere fact of widespread failure indicated the need for decentralized and stable alternative systems, where such incidents are simply impossible.
“Below we present an overview of several pioneers, which have chances for becoming similar to a ‘crypto’ Visa or MasterCard. They don’t just offer a comprehensive solution for storing, paying or managing cryptocurrency, but also provide full-fledged tools for businesses. Even more important – transaction fees are three times lower or even non-existent compared to Visa’s 3 percent.”