Re:Visa is looking at ways it can help the Ethereum ecosyste...
by justsomeadvice0 on Tuesday December 27, 2022 @11:48PM
(#34157640)
Saw this the other day, makes sense to me. If I ran Visa, I would hire a team of engineers to come up with ways we could be making money off of future cryptocurrency transactions, if only as a hedge against people using Visa less and to quiet down my noisy shareholders. I would call it something like "VISA CRYPTO THOUGHT LEADERSHIP" as well, that is a perfect name.
Re:Visa is looking at ways it can help the Ethereum ecosyste...
by richbell on Wednesday December 28, 2022 @12:10AM
(#34157737)
Absolutely; though a slightly more cynical take is "company that currently gatekeeps payments wants to 'help' system developed to escape their influence".
Re:Visa is looking at ways it can help the Ethereum ecosyste...
by mhoad on Wednesday December 28, 2022 @01:07AM
(#34157987)
Lot of ways you could cut it…
Company that has decades of experience running multi billion dollar global payments system has some ideas about what is important in running a global payments system.
Re:Visa is looking at ways it can help the Ethereum ecosyste...
by greatgib on Wednesday December 28, 2022 @01:12AM
(#34158010)
Just to remember that a company is not a NGO, and that a company only purpose is to make money. So a company does not decide to improve the state of art, or help, provide free ideas of the target goal is not to get his share of the incomes.
Re:Visa is looking at ways it can help the Ethereum ecosyste...
by mhoad on Wednesday December 28, 2022 @01:39AM
(#34158155)
Nobody is suggesting otherwise. Just saying that the full picture is more nuanced than your single paragraph summary would suggest. I get the cynicism but it’s not JUST that here.
The cryptocurrency space has done an actively terrible job up until this point at creating a global payments infrastructure that businesses are excited about using. They could use some help on that front. This is an organisation with a track record in doing exactly that.
If we translate them:
Visa wants to find a way to take a piece of the crypto/Ethereum cake to make more money.
Company that has decades of experience running multi billion dollar global payments system has some ideas about what is important in running a global payments system.
The cryptocurrency space has done an actively terrible job up until this point at creating a global payments infrastructure that businesses are excited about using. They could use some help on that front. This is an organisation with a track record in doing exactly that.