In June Bitcoin Magazine reported that the top three credit card companies – American Express, MasterCard and Visa – are exploring uses of Bitcoin and the blockchain technology. They can see the threat from blockchain fintech, and are considering ways to integrate selected aspects into their own operations. In related news reported in July, Visa participated in a funding round for Bitcoin-friendly payment processor Stripe, which valued Stripe at $5 billion.
Now it appears that Visa, the world’s largest payment network, will soon deploy a team of developers in Bengaluru (Bangalore), India, to use blockchain technology to improve its digital payments processes, Live Mint reports.
“For now, the focus of this technology innovation center will be on Visa Checkout and mVisa (Visa’s two new digital mobile payment products), but for certain, India will soon have teams that will jointly work with our two research labs in U.S. and Singapore in studying the many aspects of blockchain,” said Rajat Taneja, executive vice-president of technology at