Visa remains the world’s leading credit and debit card issuer in the world. That company is also looking to enter the world of virtual money, and it seems the Ethereum blockchain will play a crucial role in the research. It has been coming for a while now, but the whole world will transition to virtual money to some degree. Visa Sees Merit in the Ethereum Blockchain That can only happen if sufficient service providers develop systems to accommodate this change. Visa is one of the first big names to effectively unveil its plans for a digital dollar, among other currencies.
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On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest financial measure ever enacted by Congress […]
During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of the […]
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018 when Brainard maintained “there is no compelling demonstrated need for a […]