VISA INVESTS HEAVILY IN A CRYPTOCURRENCY STARTUP


Visa pumps a bunch of money into a crypto startup, and will Libra get off the ground? Let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe the show. Enjoy today’s episode. Visa the global payment company has gone into its second investment in a crypto project by leading a $40 million funding round of Anchorage startup. Visa has reportedly led the round along with major cryptocurrency venture capital firm Blockchain Capital to grow institutional-grade crypto custody service Anchorage, which previously raised $17 million in an investment led by Andreessen Horowitz. The new funding will be used in Anchorage’s mission to provide an alternative to cold storage-based institutional custodies to ensure the security of customers’ assets. What will the future of Visa be in the crypto space? Most of what we hear in the news about cryptocurrency adoption, has to do with rapid growth in the West, however a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often tend to get overlooked, even though they are making huge strides when it comes to building regulatory frameworks that are geared toward the growth of the new asset class. As an example, a recent report by Asia Times has revealed that the UAE is one of the few nations in the world where the local government has gone out of its way to promote the use of crypto. Is the middle east going to be where the next growth comes from in the crypto space. Samsung recently announced the release of its blockchain and decentralized application Software Development Kit in a recent post on its website. The annacement stated that the Samsung Blockchain Software Development Kit allows for account management and backup, payment and digital signature facilitation, Samsung Keystore and other cold wallet support. the new Samsung smartphone, the Galaxy S10, has a feature for storage of private cryptocurrency keys. Earlier this year there were rumors that the tech giant would also be rolling out blockchain-enabled features to its budget smartphone models. Is Samsung going to be the leader in this space? World famous investor Peter Schiff has famously labeled bitcoin as “fool’s gold” and a “Ponzi scheme.” Mr. Schiff is willing to change his tune, if presented with a convincing argument on the cryptocurrency. Schiff recently had this to said, I will be hosting the 1st ever Peter Schiff Bitcoin challenge live on my Youtube channel on Monday July 15th at 9 PM EDT. If you think you can change my mind on Bitcoin, here’s your chance. Bring your best argument and be prepare to defend it. It should be an interesting event. Let’s see who’s argument’s win the day. The crypto world was waiting in anticipation for a long time for the start of development of the facebook crypto project called libra. But since the official word on work beginning, they have run into nothing but roadblocks from governments across the world. The chinese central reserve bank is in the process of building their own digital currency in response to libra, the Indian government has applied so much pressure to facebook that now Libra and also Calibra the wallet will not be offered in facebook’s biggest marketplace. And of course there is in the ongoing regulatory pressure from the US congress and the securities and exchange commission. So what comes next for libra? Watch this space. Many thanks for tuning into today’s episode, please make sure you like share and subscribe, For crypto global news I’m Edward, until next time you take it easy.

48 thoughts on “VISA INVESTS HEAVILY IN A CRYPTOCURRENCY STARTUP”

  1. I have mixed thoughts on this Visa story. I am happy that the institutional money may just help to bring more people in the crypto space, but I am weary of governments and large corporations gaining too much power in the space.

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