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/biz/ - Business & Finance

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27594684 No.27594684 [Reply] [Original]

>ctrl+f "visa"
>0 threads
this place is fucking dead.

https://www.forbes.com/sites/billybambrough/2021/02/03/visa-reveals-bitcoin-and-crypto-banking-roadmap-amid-race-to-reach-network-of-70-million/?sh=fc181b0401cd

this is why btc is pumping btw.

>> No.27594819

So visa is positioning themselves to act as a second layer to the bitcoin network? Pass. Fuck visa, I'll continue to make onchain transactions and use undisclosed amounts of monero.

>> No.27595028

>>27594819
It's Paypal but on steroids and it sounds like you can withdraw bitcoin to your own private wallet as well. It's real banking for your btc. Like it or not, shit like this is necessary for widespread adoption. You want 500k btc or not?

>> No.27595180

>>27595028
>>27594819
Theyre also aiding conventional banks in offering btc options to their customers.
This is permabullish
If only f2pool stopped fucking around with their dumps wed be at 60k already

>> No.27595274

>>27595028
>You want 500k btc or not?
Weak fud

>> No.27595294

>>27595028
There's just no need for it at the moment, and if a second layer becomes necessary (due to network congestion) I'd rather use the Lightning network than let Visa get their claws on transactions. And it's bearish for monero if people adopt bitcoin en masse for everyday purchases instead of using monero which is better suited to that usecase in multiple ways.

Bitcoin will go to 500k whether or not Visa gets involved. With the dollar crashing and the stock market only held up by money printing, there's very few assets one can put money into as a store of wealth.

>> No.27595335

>>27595180
Yeah I was about to add that point. And then we start seeing banks with FDIC insurance doing what Blockfi is doing now.

>> No.27595638
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27595638

>>27595294
So don't use it then bro, who fucking cares what you do? Visa is the largest payment processing company IN THE WORLD and they're getting into bitcoin. OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.27595737

sounds too good to be true
how much will they tax you?

>> No.27595848

>>27594684
Too many newfags here to have a discussion about anything other than short term PA

>> No.27595956

>>27594684
priced in

>> No.27596063

>>27594684
My visa won't let me purchase crypto...

>> No.27596647

>>27596063
nigga it's coming later this year, can you read?

>> No.27596709

>>27594684
Just a bunch of punjabis peddling shitcoins on this board.

>> No.27596778

Between all the institutional investors (grayscale, microstrategy, etc) and now Visa investing in BTC, I don't think worrying about the government cracking down and banning it is even remotely realistic anymore. I think we're here to stay.

>> No.27596949

Reef is on this. They posted on Twitter a picture hinting at a partnership

>> No.27597367
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27597367

>>27594684
So Visa is going to do what Lightning failed at doing? Nice

>> No.27597482

>>27596778
instead the jews will take over, it's bad anon

>> No.27597522

>>27596778
If anything, I could see Visa convince regulators to not tax capital gains on small purchases with crypto through their ecosystem.