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
More of Today's Solutions
All city buildings in Chicago are now powered by renewable energy
BY THE OPTIMIST DAILY EDITORIAL TEAM Chicago entered 2024 with a landmark achievement: every one of its 411 municipal buildings, from City Hall to ...
Read MoreHow unique leopard calls could impact conservation
BY THE OPTIMIST DAILY EDITORIAL TEAM Leopards, renowned for their stealth and solitary nature, have always been challenging to study. However, groundbreaking research revealed that ...
Read MoreThese solar-powered barges can scoop up 50 tons of plastic from rivers each day
While removing the plastic waste that currently contaminates the ocean today will be crucial for protecting marine ecosystems, it is arguably more important that ...
Read MoreWashington’s first human compost company is open for business
Washington passed a law in 2019 allowing citizens to compost themselves after death for a more sustainable burial process. Fast forward a year later ...
Read More
