Unlocking Opportunities
In a recent chat with Huffington Post, Jack Forestell, Visa’s head honcho for global Merchant sales and solutions, laid down the law on how digital currency is changing the game for the unbanked. He proclaimed, “no one” understands the perks of digital currency better than Visa. That’s a bold claim, but hey, they are the heavyweight champs of the payment world!
mVisa: A Gateway to Financial Inclusion
Forestell couldn’t stop raving about Visa’s mobile marvel, mVisa, which is shaking things up in developing countries. Imagine being unbanked and suddenly having access to financial services that allow you to pay and get paid with ease. That’s exactly what’s happening here! Forestell highlighted, “This type of digital solution has helped open doors for people who were previously off-the-grid or unbanked,” turning potential entrepreneurs into actual business moguls.
Customer Demand Fuels Innovation
When asked about Visa’s strategy in cashless societies, Forestell put on his strategist hat. He revealed that their roadmap is being paved by none other than customer demand. That’s right, folks! The cashless future is being built by those who actually use these products. Who knew trying to please consumers could lead to such innovation?
Visa and Blockchain: A Love Story?
While you might think of Visa and Bitcoin as frenemies, they’re actually taking steps toward a rather romantic relationship. This year, Visa has been boosting its Blockchain presence, sending out job ads looking for Blockchain engineers. It seems that they’re diving headfirst into the world of distributed ledger technology, proving that even the biggest players can pivot when they see an opportunity.
The Thriving Blockchain Startup Scene
With billions still cut off from traditional banking, it’s no wonder that Blockchain startups have risen to the occasion. They’re creating bustling markets using cryptocurrency, and their efforts are paying off. Just look at BitPesa! This Kenya-based money transfer service recently snagged the top spot on CEX.io’s list of top 50 Blockchain startups, showing that while Visa may lead the charge, there’s a whole army of innovators ready to reshape how the world thinks about money.
