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Ethereum is like ‘Amazon in the 1990s’ — 21Shares

“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may surprise us with revolutionary use cases that we can't fully envision today,” a 21Shares executive said.

Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares.

Spot Ether (ETH) exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin (BTC) ETFs. 

Leena ElDeeb, Research Analyst at 21Shares, told Cointelegraph that large inflows into ETH ETFs will happen only when Ethereum’s potential is understood.

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

SafePal launches Telegram crypto wallet with Visa card support

SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said.

Self-custodial cryptocurrency wallet SafePal is joining Telegram’s rapidly growing crypto ecosystem by launching a Mini App wallet on Messenger.

SafePal officially introduced its Telegram Mini Wallet App on Nov. 2 after announcing pre-launch during a keynote at the TON Gateway event dedicated to The Open Network (TON) ecosystem.

According to an announcement shared by SafePal, its new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts.

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Visa-Coinbase Partnership Unleashes Real-Time Crypto Funding Power

Visa-Coinbase Partnership Unleashes Real-Time Crypto Funding PowerVisa and Coinbase’s new partnership promises instant, round-the-clock funding for crypto trading, allowing U.S. and EU users real-time access to trading opportunities. Coinbase and Visa Join Forces to Break Crypto Funding Barriers Payment giant Visa has joined forces with crypto exchange Coinbase to offer real-time account funding for Coinbase users in the U.S. and EU […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Coinbase Announces Partnership With Payments Giant Visa for Real Time Account Funding

Coinbase Announces Partnership With Payments Giant Visa for Real Time Account Funding

Top US crypto exchange Coinbase is announcing a partnership with credit card giant Visa for real-time account-to-account transactions. In a new press release, the payments titan says the collaboration will allow customers in the US and EU to use eligible Visa debit cards to instantly deposit funds into their Coinbase accounts, bridging the gap between […]

The post Coinbase Announces Partnership With Payments Giant Visa for Real Time Account Funding appeared first on The Daily Hodl.

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Avalanche Foundation Reveals Launch of New Visa Spending Card Linked to Self-Custody Wallet

Avalanche Foundation Reveals Launch of New Visa Spending Card Linked to Self-Custody Wallet

The foundation behind Avalanche (AVAX) is partnering with payments giant Visa for a new crypto spending card product. In a new announcement, The Avalanche Foundation introduces the Avalanche Card, a new card that allows users to pay with crypto at Visa-accepting locations. “Introducing the Avalanche Card! Spend your WAVAX, USDC, sAVAX, and more wherever Visa […]

The post Avalanche Foundation Reveals Launch of New Visa Spending Card Linked to Self-Custody Wallet appeared first on The Daily Hodl.

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

BBVA to Launch Visa-Backed Euro-Pegged Stablecoin Next Year

BBVA to Launch Visa-Backed Euro-Pegged Stablecoin Next YearBBVA, one of Spain’s largest financial institutions, has announced plans to launch its stablecoin product by 2025. The organization is currently in the sandbox stages and will be developed in partnership with credit giant Visa as part of one of the first projects using its services to launch stablecoins. BBVA Plans to Launch Stablecoin in […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

$7,000,000,000 in Fees Drained From Customers and Businesses Every Year in Visa’s Alleged Monetary Monopoly: US Department of Justice

,000,000,000 in Fees Drained From Customers and Businesses Every Year in Visa’s Alleged Monetary Monopoly: US Department of Justice

The U.S. Department of Justice (DOJ) is suing payments giant Visa for allegedly maintaining an illegal market monopoly to keep smaller competitors in check. In a press release, the DOJ says it’s filing a civil antitrust lawsuit against Visa, accusing the payments firm of illegally maintaining dominance over the debit network markets. Antitrust laws were […]

The post $7,000,000,000 in Fees Drained From Customers and Businesses Every Year in Visa’s Alleged Monetary Monopoly: US Department of Justice appeared first on The Daily Hodl.

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition

According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts. 

Consumer watchdog organization Accountable.US recently published a report accusing finance giants Visa and Mastercard of operating as a duopoly to prevent competition in the debit and credit card payments sector.

According to the report, which has been viewed by Cointelegraph, the two companies have spent more than $80 million lobbying against legislation that would allow competitors access to the payments sector. 

Because Visa and Mastercard account for the majority of credit and debit card transactions in the United States, Accountable.US alleges that they’re responsible for the “sky-high” swipe fees faced by both consumers and businesses. 

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services

Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial ServicesVisa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides financial institutions with the tools and infrastructure needed to tokenize […]

Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?

DOJ sues Visa over alleged payments monopoly

The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market. 

The United States Department of Justice (DOJ) has filed an antitrust suit against payments giant Visa for allegedly operating a debit payments monopoly. 

A complaint filed in a federal court in New York on Sept. 24 alleged that Visa uses exclusivity agreements and the threat of penalties against vendors to prevent competition from infringing on the company’s market share. 

Visa reportedly commands a 60% market share in the US debit transactions sector, allowing the firm to reap $7 billion in transaction fees alone. 

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Microstrategy Snaps up 15,350 BTC, Pushing Its Bitcoin Stash to 439,000—Bull Run Incoming?