Future of payments: Visa to invest $100M in generative AI
Visa says it was one of the first firms in the world to pioneer AI in payments, deploying AI-based technology for risk and fraud management in 1993. Go to Source
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Digital Yuan app adds prepaid Mastercard VISA top-ups for tourists
The Digital Yuan app now allows tourists to top-up e-CNY wallets with Mastercard & VISA payment with ‘recharge first and use later’ option. Go to Source
Visa taps into Solana to widen USDC payment capability
The global payments firm has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain. Go to Source
Visa explores crypto gas fees payments through cards
Visa’s innovative solution employs Ethereum’s ERC-4337 standard and the “paymaster” smart contract, enabling off-chain gas fee settlement. Go to Source
Cryptopay EU card provider loses license, company says card funds are safe
The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet. Go to Source Powered by WPeMatico
Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’
Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia Establishes New National Payment … Read more
Binance Reportedly Removes Restrictions on Russian Users
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa … Read more
Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Go to Source Powered by WPeMatico
PayPal and the credit card industry are taking advantage of consumers
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees. Go to Source Powered by WPeMatico
Visa: Token bridges were a favored target for thieves in 2022
The fraudsters would normally exploit the smart contracts to allow for the approval of unauthorized transactions. Go to Source Powered by WPeMatico
