Categories: News

Bitcoin Can Benefit From New Visa Developer Platform

Bringing innovation and new features to the financial sector is not as easy as it might sound on paper. Even major companies like Visa are in need of outside help to achieve this status, which is not necessarily a bad thing. Over the next few years, Visa will evolve from being a payment network into an open platform, inviting developers and companies to explore its technology. Furthermore, the Visa developer platform will help improve the company’s initial offerings.

Also read: Factom and iSoftStone Partner to Integrate Blockchain Technology and Smart City Solutions

The Visa Developer Platform Of The Future

Even though credit and debit cards might not be the most secure payment options available in the world today, their inter-connected payment network status can be a valuable tool to companies and developers. By opening up the platform through API’s, some of the most innovative features offered by Visa can be explored and integrated into future payment solutions.

Especially where peer-to-peer payments are concerned, the Visa developer platform could be of great value. Granted, this will still be a connection to an archaic legacy system that is not doing the financial sector any good right now. But at the same time, it provides a foundation for future innovation, which is never a bad thing.

It has to be said that Visa offers a wide range of various payment services and products to consumers and businesses all over the world. If all goes according to plan, developers will have hundreds of API’s to hook into, as well as gain access to software deployment kits and a sandbox environment.

As one could expect from such an initiative, the main focus lies on co=creation. Visa is an established player in traditional finance today, but the company also knows they have to keep evolving. With a little help from outside, combined with a few fresh sets of eyes to tackle things, the provided API’s and test data can be put to great use.

Related Post

This Visa developer platform has undergone several iterations of beta testing already. Thanks to partners such as Scotiabank, US Bank, and Capital One – to name a few – Visa has gained insights as to how the API’s and sandbox can be used, and where future improvements will need to be made. Through intensive collaboration with FinTech players, global financial solutions are coming one step closer every day.

Interesting News For Bitcoin Debit Card Providers

Even though many people feel Bitcoin debit cards are not the solution for taking digital currency to mainstream adoption levels, there are certain benefits to this medium. After all, such a debit card – usually issued by Visa – lets consumers spend Bitcoin wherever credit cards are accepted.

The Visa developer platform could prove to be a powerful tool for Bitcoin debit cards in the future as well. By gaining access to the entire API library, companies can figure out new ways to leverage financial technology and make it beneficial to Bitcoin in some way. In the end, the Bitcoin ecosystem might stand to gain from the Visa developer network.

Source: Visa Developer

Images credit 1,2,3

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Top 5 Modular Blockchain Tokens Less Than $1 Price Mark To Monitor In August 2025

As the blockchain ecosystem continues to evolve, modular blockchains are emerging as a promising frontier,…

7 hours ago

MetaMask Proposes Stablecoin Launch, Taps Stripe to Bridge TradFi and DeFi

MetaMask wants its own stablecoin. It’s calling it MetaMask USD (mmUSD). And if the recent…

1 day ago

Spartan, Stake & Betway: Top 2025 Crypto Gambling Prizes

Spartan’s $250K Lambo Challenge Tops 2025’s Crypto Gambling Prize War with Stake & Betway Crypto…

2 days ago

SharpLink’s Ethereum Accumulation Hits High Top With Staking Strategy

SharpLink is leaning hard into Ethereum. They buy. They stake. They hold. Ethereum currently trades…

2 days ago

Cardano Price Prediction: Is a Return to $2 Imminent or Just a FOMO Fantasy?

After months of consolidation, Cardano (ADA) is regaining investor attention thanks to renewed forecasts projecting…

3 days ago

Bitcoin and Ethereum Whales Quietly Accumulating—What Does This Mean for the Market?

Whales are back—and this time, they’re not making noise. Despite the relative calm in prices,…

3 days ago