Visa
Visa Launches New Blockchain Platform Enabling Banks to Issue Fiat-Backed Tokens
- Siamak Masnavi
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- 3 Oct 2024
Visa has introduced a new product aimed at revolutionizing the way banks engage with blockchain technology. The Visa Tokenized Asset Platform (VTAP) will allow financial institutions to issue fiat-backed tokens on blockchain networks. The platform is designed to help banks seamlessly bridge traditional fiat currencies with emerging blockchain-based assets. According to Visa’s announcement, VTAP offers […]
U.S. Justice Department Sues Visa for Alleged Monopoly Practices in Debit Network Markets
- CryptoGlobe Writer
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- 25 Sep 2024
The U.S. Department of Justice (DOJ) announced on September 24 that it had filed a civil antitrust lawsuit against Visa Inc.. This lawsuit accuses the payments giant of monopolization and exclusionary practices in debit network markets. According to the DOJ’s press release, Visa’s dominant position in the market has stifled competition and innovation, resulting in […]
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