Visa is diving into blockchain technology with a new project focused on revamping remittances. The company’s innovation arm, Visa Europe Collab, is working on a proof-of-concept that will “explore an alternative to conventional remittance processing” using the blockchain. To see if the blockchain can work for it, the company is teaming up with a Bitcoin startup called Epiphyte, which helps big financial players legally access the Bitcoin blockchain. The Visa Europe Collab remittance project has been in development for 100 days and will share more findings soon, according to a blog post. Visa isn’t the only financial institution interested in …
Visa is exploring using the blockchain to power money transfers
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