Analyst: ‘Bitcoin Poses Existential Threat To Visa, Mastercard, and Paypal’

Investors should not ignore cryptocurrencies’ threat to incumbent payment services like Visa, Mastercard, and PayPal, according to Lisa Ellis. In a note to clients, the MoffetNathanson analyst said that emerging use-cases could pose an existential crisis in the future. As Ludicrous As It May Sound “Why would I ever buy coffee with bitcoin?” asked Ellis, before […]

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Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don’t

Visa and Mastercard are planning to increase transaction fees for US merchants who accept card payments, Reuters reports. The hikes, which come into effect in April 2019, are likely to further damage already the fragile relationship between payment providers and merchants. Fees-Us Christ According to sources, the increases will firstly affect interchange fees, which merchants pay their banks when accepting a […]

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American Express Could Use Blockchain to Protect Clients’ Identities and Combat Fraud

Nikita Blows · May 24, 2018 · 9:00 pm US-based financial corporation American Express is researching how blockchain technology can provide solutions to issues such as fraud and identity protection. More and more financial services companies are exploring how blockchain technology can make a difference, not only in their existing processes but also in providing improved […]

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Samsung Delves Deeper into Crypto Exploring Blockchain for Its Logistics

Nikita Blows · April 16, 2018 · 5:00 pm Samsung Electronics Co. is the latest big name to show a keen interest in the powers of blockchain technology, specifically, how it can be incorporated into their supply chain management processes. Even though cryptocurrencies may still be getting critiqued, it’s supporting technology is being more readily […]

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