Visa Planning To Develop ‘Secure And Scalable’ Blockchain Project

Visa is looking to develop a “secure, scalable blockchain network” as it seeks to keep pace at a time when the payments industry is undergoing a seismic digital transformation.

Blockchain, the distributed ledger technology on which bitcoin is built, has been gaining a lot of momentum among financial institutions, technology companies and payment processors in the last six months and now Visa’s new research and development arm is looking to keep up with the competition.