Today we will talk about a news that in theory is very positive for the mass adoption of Bitcoin, I refer to the project developed by the debit and credit card giant VISA to create its own Bitcoin wallet, an element that in my opinion could print more economic dynamism to the Bitcoin network.
Multinational financial services company Visa is starting to execute its plan to develop its own wallet for Bitcoin (BTC) and other cryptocurrencies. The US company filed a request to register its product with the United States Patent and Trademark Office (USPTO).
According to the data provided by the company itself in the form it submitted to the USPTO, the wallet would have both a desktop and an online version and would include support not only for cryptocurrencies, but also for other cryptoassets such as non-fungible tokens or NFTs and digital currencies in general.
In the details of the form completed by Visa, it describes non-downloadable software for users to view, store, manage, trade, send, receive and exchange cryptocurrencies, digital currencies and digital assets or on the blockchain.
In addition, included in the registration ID is online software for all of the above actions, there is a sentence from Visa's application that also suggests that the company might be interested in developments in the metaverse.
The truth of it all is that Visa and Mastercard are moving closer to Bitcoin and cryptocurrencies, as this development by the US credit and financial services giant complements other actions by the same company in the past, as well as by its competitor Mastercard.
SOURCES CONSULTED
U.Today. Visa Has Plans to Launch Its Own Cryptocurrency Wallet Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Cyptoslate.
This is very interesting news. A good step towards mass adoption
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Hi @stefano.massari
Good point, somehow traditional banking must adapt, and this will benefit us since as you rightly put it we will be able to scale in this massive adposition.
Best regards, be well.
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Currently we just have to resist, sooner or later the future of cryptocurrencies will come
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This will be massive for crypto adoption I love this new initiative hope it plays out well thanks for the share.
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Hi @mccoy02
I also wish this initiative works for the good of the cryptocurrency market.
Best regards, be well.
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greetings @lupafilotaxia _
As time goes on no doubt this news will become more common as digital finance is taking more spaces and traditional banking must adapt to transcend in the future.
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Hi @dgalan
Good point, somehow traditional banking must adapt, otherwise it will succumb to the technological advancement shown by blockchain.
Best regards, be well.
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