Tags: Visa

Blockchain scalability addressed by two more startups

Blockchain throughput is, arguably, the dagger hanging over widespread blockchain adoption. There are two fundamental and interrelated problems. A blockchain’s size and its ability to transact (to register additional transactions which ad to the blockchain size. After all a blockchain is the immutable record of all transactions. It cannot shrink to order. To ‘picture’ this,…

Visa follows, or leads, AmEx and Mastercard

In late 2016, Visa previewed B2B Connect, its offering-to-be to transform the business-to-business (B2B) payments space. Since then, it has worked at partnering with financial institutions around the world to transform the 2016 vision into a platform that can now process bank-to-bank test transactions ahead of a full commercial launch in mid-2018. Its objectives, and…

Mastercard opens access to blockchain API and disintermediates

Mastercard is opening access to its blockchain technology via an API published on ‘Mastercard Developers‘. Mastercard hopes its blockchain solution will enable new ways for consumers, businesses and banks to transact. It claims it is key to the company’s strategy to provide payment solutions that meet all needs of financial institutions and their end-customers. The…

The Interledger Protocol – a great disintermediator?

The InterLedger Protocol (ILP) is the creation of two Ripple engineers – Stefan Thomas and Evan Schwarz. Their ‘invention‘ is a curious beast which has become part of W3C (as the Interledger W3C Community Group). The website offers a bare minimum of information and most people seem to associate ILP with blockchains. In the view…

Deloitte predicts mobile payment future

In a brief press release based on research carried out in May 2015, Deloitte have predicted that the UK may see an explosion in mobile payments. The research showed that over a third of 18-34 year olds were interested in using mobile payments compared to just a fifth of 55-75 year olds. This is hardly confirmation…