Visa
Visa’s trademark applications suggest more involvement in crypto space
Major credit card company Visa may be planning to explore digital wallet services based on two recent trademark applications. According to records submitted to the United States Patent and Trademark Office on Oct. 22, the Visa International Service Association filed two applications for its character mark to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto assets and nonfungible tokens, or NFTs. The filings also suggested the credit card company may be exploring a move into the metaverse, with its namesake used in “virtual environments in which users can interact for recreational, leisure or entertainment purposes.” VISA has filed 2 trademark applications claiming plans for: ▶️ Managing Digital, Virtual, ...
Visa Appoints New Country Head for South Africa
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Finastra & Visa Partner to Launch Global BaaS Offering
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Rep. Warren Davidson: Stablecoin bill has ‘outside chance’ of finalizing this year
There is a small chance the U.S. House of Representatives could pass the bill to regulate stablecoins by year-end, though it’s more likely it will pass in the first quarter of 2023, says U.S. Congressman Warren Davidson. According to a Thursday report from Kitco, Davidson made the remarks at the Annual Fintech Policy Forum on Sept. 22, where he suggested: “There’s an outside chance we find a way to get to consensus on a stablecoin bill this year.” The “stablecoin bill” seemingly refers to draft legislation aimed at “endogenously collateralized stablecoins” which came to light this week — and would place a two-year ban on new algorithmic stablecoins such as TerraUSD Classic (USTC). However, Davidson went on to say that while “there’s a chance we get...
Visa Invests in South Africa’s Financial Education
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Visa & Standard Bank Launch Grant to Help African Women Grow Their Businesses
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Mastercard to allow 2.9B cardholders to make direct NFT purchases
International payment processing giant Mastercard is expanding its payment network for nonfungible token (NFT) markets and Web3. The financial service provider announced that it has been working on expanding their payment networks to NFTs over the past year. The firm has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to directly make NFT purchases without buying crypto first. Currently, users need to buy crypto to bid on and buy NFTs. However, with the latest Mastercard partnership, billions of cardholders can now bypass the process of buying a transferring crypto to NFT marketplaces. The firm said: “These integrations are designed to make crypto more accessible and help the NFT ecosystem keep growing, innovating and bringing in more fans.” Mastercard ...
Safaricom’s M-Pesa & Visa Introduce GlobalPay Virtual Card
Image sourced from HapaKenya. Safaricom has entered an agreement with Visa to form M-Pesa GlobalPay Visa Virtual card which will see the mobile phone-based money transfer service transact in 200 countries. This will allow customers to transact up to Sh150,000 ($1,283.70) per payment and Sh300,000 ($2,567.39) per day. “By partnering with Visa to provide the M-Pesa GlobalPay Visa virtual card, we are looking to bridge the gap for our customers who would like to use M-Pesa anywhere across the world,” Safaricom CEO Peter Ndegwa said. According to Business Daily, the two firms are also targeting to launch the M-Pesa GlobalPay Visa Virtual Card Tanzania, Congo DR, Mozambique, Lesotho, and Ghana. This new deal will make it possible for Visa to fulfill its goal of penetrating the African market. V...
Kenyan Entrepreneur Creates an App for the Deaf
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Tim Draper: Women will drive the next Bitcoin bull market
Renowned billionaire investor Tim Draper insists that a time will come when women begin driving up the price of Bitcoin as more retailers start offering it as a more cost-effective payment option at shops. Draper, a Bitcoin (BTC) investor himself, told host Scott Melker on the Wolf of All Streets YouTube show last week that women could be key in pushing the largest crypto by market cap up to $250,000 per coin. He reasons that as store owners begin to accept BTC as payment more widely, “all of a sudden, all the women will have Bitcoin wallets and they will be buying things with Bitcoin:” “Then you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate.” Draper believes it is in retailers’ best interest to begin accepting Bitcoin sooner than later. He ackno...
Absa Kenya Returns to Court to Challenge Tax Dispute
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Crypto.com community in uproar over slashed rewards
About time there was a bit of controversy in the cryptocurrency world, huh? Crypto.com, the industry behemoth that boasts over ten million users and four thousand employees, has found itself at the centre of a storm of criticism this week, as it decided to slash the rewards on its popular VISA cards. The blog post dropped Sunday evening and immediately caused uproar. What is Happening? Card rewards were cut down pretty drastically. Lower tiered users (Midnight Blue and Ruby Steel) get 0%, while the next ones up recoup only 0.5%. Even the top tier (Obsidian) were cut to just 2%. There will also be a monthly cap on awards to lower tiers at $25 to $50. Oh, it gets worse. Staking awards were also reigned in. Once the 180-day period for all those who staked before the announcement ...
