According to Al Kelly, the CEO of Visa, the company could support crypto in the future if the global market moves in the direction of embracing consensus currencies like Bitcoin and Ethereum.

In the short to mid-term, Kelly told Jim Cramer, the host of Mad Money, that cryptocurrencies as an asset class is not a threat to reserve currencies that serve as the basis of Visa’s products. But, he stated that as the adoption of cryptocurrencies improve in the years to come, Visa will facilitate the demand for the asset class.

“I think there has to be some market that it becomes somewhat like a fiat currency in order for us to be comfortable. If it goes in that direction, we will move in that direction. We want to be in the middle, Jim, of every payment flow in the world regardless of how it happens or what the currency is behind it. So if we have to go there, we will go there. But right now, it’s more of a commodity than a payment vehicle.”

In the Middle
Visa is the most influential credit card service company in the finance sector and is amongst the most profitable businesses in the market alongside Mastercard.

In the long-term, Kelly emphasized that Visa will eventually serve as a middleman to attract crypto users to send and receive digital assets with Visa on its platforms, by providing fees to the company.

However, by the time Visa would feel comfortable in integrating cryptocurrencies, which as the CEO described it as when the asset class is established utilized by the mainstream, cryptocurrencies would not require middlemen to process payments.

With non-custodial wallets and open-source platforms, users of cryptocurrencies can efficiently and securely transfer digital assets without paying additional fees on top of the trasnaction fee provided to the miners of the ecosystem.

Currently, due to the lack of merchant adoption, it is difficult for crypto users to compensate merchants to purchase simple products like coffee and food. A financial institution at the size of Visa could single-handedly increase the adoption of crypto amongst merchants in a large capacity.

But, the intent of Visa to target the cryptocurrency sector is to provide middleman services several years from now when cryptocurrencies are already accepted by merchants and being utilized as an alternative currency to reserve currencies like the US dollar.

Fidelity’s Big Bet
The time to support and experiment with cryptocurrencies is now, when it is experiencing exponential growth and is still at an early phase.

Years down the line, the cryptocurrency sector could heavily rely on decentralized systems and services, which even platforms within the market including Binance expect, as seen in the development of the Binance decentralized exchange.

Already, Fidelity, Goldman Sachs, and Citigroup have started to serve investors in the cryptocurrency market by seeing sufficient demand for the new asset class, while Visa, Morgan Stanley, and several other financial institutions remain cautious in entering the cryptocurrency market.

Read More:https://www.ccn.com/visa-ceo-crypto-is-not-a-big-threat-but-if-needed-we-will-support-it/

For clarity, cryptocurrency like bitcoin is not recognized as a legal payment method or financial instrument in India. However, it is important to note that they are also not illegally controlled.

Source link: https: //www.ccn.com/cryptocurrency-is-illegal-president-of-indias-primary-it-body-claims/

I took a little quote from the latest news from CCN, is this one bad news for cryptocurrency?

penghasilan dengan 1500 $
LUAAAARRRR biasa 
emak2 melek klo gaji suami segini
jangan kan suami bila itu penghasilan saya /bulan  aduh duh aman tentram dah   

5juta 1 bulan cukup untuk biaya hidup  sisanya akan saya tabung / investasi 

if you want to invest you should pay attention to things that are considered unimportant such as "listen to your heart"
Smart investors will learn to trust their instincts. If it looks like a risky investment, chances are he will leave the ICO. You must position yourself to achieve success.

ethereum has a future, I am sure that, indeed for now the ETH does not have a price that is quite satisfying but is sure that ETH will have a price like last year as soon as possible

Saya 5 bulan mengenal  mata uang kripto tapi tiba-tiba saya pikir saya tidak tahu dasar tentang crypto . Setiap kali saya membaca berita tentang cryptocurrency Saya memiliki banyak istilah dan kegiatan crypto yang tidak dapat saya pahami seperti yang dilakukan oleh Ethereum, Bitcoin, Litecoin dan cryptocurrency lainnya dan tentang dasar cryptocurrency yang merupakan salah satu kunci untuk mengetahui para pemula.

Seringkali saya melakukan hanya karena proyek ICO dan cryptocurrency sedang dipromosikan, berbagi media sosial untuk menerima hadiah dan akhir ICO bahkan saya tidak mengerti hal-hal lain. Dan yang saya tahu adalah bahwa cryptocurrency adalah mata uang digital di mana kita dapat menggunakan transaksional seperti membeli barang secara online dan menggunakan alat perdagangan untuk menghasilkan uang.

- Apa manfaat dari Cryptocurrency Fork?
- Saya tidak tahu bagaimana cara berdagang cryptocurrency dengan benar dan saya baru saja membaca minimum untuk berdagang dan menarik.
- Bagaimana cara kerja cryptocurrency?


Untuk para ahli saya perlu sedikit bantuan apa yang perlu saya pelajari dan pelajari tentang cryptocurrency untuk pertma kali?

Apabila para ahli sejarah menetapkan kronik pembangunan cryptocurrency, salah satu bab pertama akan memaparkan DigiCash , permulaan mata wang digital awal yang, beberapa dekad sebelum Bitcoin, hampir memenuhi impian untuk memberikan mata wang asli internet. Walau bagaimanapun, pencipta projek, perintis kriptografi David Chaum, mahukan namanya muncul dalam bab-bab berikutnya.

Chaum, kini 63, melancarkan projek cryptocurrency baru yang dipanggil Elixxir , yang mana beliau mendakwa telah mencapai khotbah suci rangkaian desentralisasi, keselamatan blok, dan kelajuan transaksi.

Dalam wawancara Wall Street Journal yang diterbitkan awal tahun ini, Chaum mendakwa bahawa inovasi teknologi Elixxir adalah pengubah permainan untuk menerima pakai larangan. "Kejayaan ini saya buat mengubah keseluruhan permainan," katanya kepada penerbitan itu. "Kami sebenarnya boleh memenuhi keperluan untuk pergi ke skala pengguna."

Secara khusus, Elixxir melaksanakan penyongsangan model blockchain tradisional, di mana transaksi diagregatkan menjadi blok dan kemudian diproses dengan mengesahkan nod. Chaum mengatakan bahawa blok sebaliknya akan dihasilkan sebelum transaksi berkumpul, membolehkan rangkaian memproses pembayaran dengan cepat, walaupun pada skala.

Ia masih dapat dilihat sama ada penghalang penghalang pengeluaran akan memenuhi harapan tinggi Chaum dan juga mencapai desentralisasi yang mencukupi. Sementara itu, Elixxir telah mengumumkan bahawa projek tersebut telah menerima pelaburan strategik dari Chris Larsen , pengasas bersama Ripple permulaan blok dan oleh ekuiti Ripple dan baki XRP pegangan , salah satu daripada orang terkaya dalam cryptocurrency.

Mengulas mengenai projek itu, Larsen berkata bahawa dia optimis mengenai potensi Elixxir sebagai rangkaian yang dihadapi pengguna. Beliau berkata, "David Chaum telah menjadi pembela privasi di dunia digital selama hampir empat puluh tahun. Saya bangga menjadi penyokong awal Elixxir dan berharap dapat melihat pengguna blok yang dihadapi pengguna ini membuka pintu untuk digunakan dengan selamat oleh berjuta-juta individu dalam kehidupan seharian mereka. "

Juga menyediakan pembiayaan benih ialah H & D Company Pte Ltd., sebuah firma pelaburan yang berpusat di Singapura.

Asli tautan / Sumber: https://www.ccn.com/ripple-co-founder-invests-in-new-cryptocurrency-from-digital-currency-pioneer-david-chaum/