Viso Burn 1/4 of Supply

 

The wait is finally over: We’re proud to announce that the Viso token burn will take place on February 14, 2019, in our Valentines day massacre event.

This burn takes the circulating supply down from 200 million to 150 million

We wish to thank you (our loyal community) for helping us build everything we’ve got to show to date. Here’s a quick overview of everything we’ve accomplished together so far:

  • Developed and launched processing
  • SMART TERMINAL Developed and launched
  • In partnership with D8 Corporation, received certification from VISA and MasterCard
  • ICO completed
  • Android Wallet launched
  • Received licencing across Russia and Belarus

Thank you for your continuous support!

Retrieve Financial Freedom Globally with VISO!

The blockchain and cryptocurrencies are penetrating into our lives faster than the Internet did back in the day. As more and more people do business by using cryptocurrency for investments and payments, we have made it our goal to create VISO, a new-generation solution that makes cryptocurrency a means of everyday payments worldwide.

VISO is a payment system provider that incorporates cryptocurrency payments into point of sale SMART Terminals. Viso has a pragmatic team of developers on the team Egor Petukhovsky, Sergey Popov & Ann Tatarinchik the bright minds driving their in-house tech lab, advisors on the project include Sasha Ivanov who heads up the team at Waves. It will come as no surprise that Waves is the platform that Viso have launched their asset on, due to TX speeds available on this blockchain.

Conventional stores, restaurants, online stores, gas stations, dentistry clinics, coffee shops, and hundreds of other retailers will all be able to receive payments for their goods and services with VISO. The system lets you pay virtually any amounts for anything! This will
not only boost sales but also draw new customers to your business. Payments can even be made using the existing conventional payment environment via credit card-based purchase terminals, as VISO is not just about cards: we have been creating a full-scale system encompassing Cards for Regular Users, Top-Level Processing, and Payment-Accepting Terminals for Businesses.

The payment system will offer an unlimited potential for the instant and contactless receipt and sending of payments between the system’s individual users.

VISO Token (VITO)

The VITO token is used in the VISO payment system as a settlement cryptocurrency and a means of paying commissions.

The worldwide spread of VISO has been programmed into the system and can occur any time now. VITO is a limited-issue token used for currency conversion in the payment system. Another reason the VITO TOKEN will interest investors is that VISO will enable individuals to instantly receive and send payments with no limits at all. With VISO, everybody wins, but those who become the first to use it will win the most.

“It makes sense to let the potential investor understand that we aren’t going to compete with monsters like banking systems but that we can make these monsters more humane, easy-to-use, and beneficial to everyone by expanding their capabilities via the VISO solution.”

All of cryptocurrency acceptance is implemented on VISO SMART terminals via the VISO Wallet and VITO Tokens. The cryptocurrency accepted as payment is automatically and instantly converted through processing, and the sale itself occurs in the national currency of the country in which the payment takes place. That way, SMART terminals or the VISO app for sellers greatly simplifies the day-to-day acceptance of payments and extends users’ cryptocurrency acceptance capabilities.

VISO Wallet options

Most people have already made the transition to digital payments systems in one form or another, be it contactless payments with a payment card, mobile payments or funds transfer using Samsung Pay, Alipay, PayPal or Apple Pay, or interacting with their bank accounts through mobile apps. The VISO vision does not seek to change any of this, but seeks simply to enhance it, to make things easier by taking advantage of the blockchain architecture and adding the ability to deal with cryptocurrencies, in short, to make it seamless.

Wallet Functions:

Anyone with Internet access can open a VISO Wallet and the balance can be denominated in VITO, other cryptocurrencies (BTC, ETH, Waves etc.) or any fiat currencies. To open a VISO Wallet, you go through a quick and easy registration process, which will allow you to reinstate your wallet access if you forget your login or password. VISO Wallet is a secure platform with access procedures that comply with banking security standards. Though primarily intended as a mobile app the VISO Wallet is also available in a web browser interface.

The VISO system relies upon its own token and cryptocurrency, VITO. Whenever a crypto or fiat transaction takes place, or a crypto to fiat exchange is needed, the required currencies are exchanged into and out of VITO. However, the speed of the system means that this takes place behind the scenes and is imperceptible to the user. Of course, VITO are required to access and use the VISO ecosystem but these are easily purchased with the fiat- or cryptocurrency of your choice, inside your VISO Wallet.

Again, our vision is utility for the customer, so VISO guarantees the best exchange rates, for whatever currency is required. Both domestic and international transfers and payment in VITO are commission-free. If cryptocurrencies are not accepted at the PoS then the VISO system will convert crypto to fiat on the fly; the merchant receives fiat and the VISO Wallet user pays in crypto. To facilitate this real-time transaction, the user will need to pre-select the crypto and/or fiat balance they wish to convert from; a simple process within the VISO Wallet app.

VISO Cards

VISO Card Lite: a virtual card powered by Host Card Emulation technology, enabling contactless payments from any NFC technology-supporting smartphone.
VISO Card Pro: a physical MasterCard or VISA payment card linked to VISO Wallet which supports contactless payments.

In the near future, they envision:

VISO Card Celestial: all the usual benefits, plus a credit card.
VISO Card Infinity: all the usual benefits, plus a premium credit card.

VISO cards support the SMART Balance technology, which enables the automatic conversion of funds from a payment card or a bank account into cryptocurrency and back. After enabling this option, you will no longer have to make cryptocurrency sale/purchase
transactions manually. Conversion rules are customizable by the user. This technology enables you to always maintain your preferred balance in regular currencies and in cryptocurrency.

Example: let’s say that you have set yourself a limit of USD 1,000 and that you have a BTC balance. After you make a USD 300 purchase, the system automatically sells the required quantity of bitcoins to bring your balance back to USD 1,000. Or the other way around, suppose you have refilled your card and now have a USD 1,600 balance. The system will
automatically sell USD 600 to refill your BTC balance.

VISO have taken payment cards to a new level!

Fees

Card issuing fee – physical Free
Card issuing fee – virtual Free
Annual fee – physical card Free
Annual fee – virtual card Free
Domestic exchange fee 0%
Foreign exchange fee 0%

 

VISO SMART Terminals

Through VISO SMART terminals, customers can:

VISO SMART terminals are a new generation of terminal that combine the features of regular bank terminals, payment terminals and cash registers, and that allow for launching any mobile apps powered by Android. VISO SMART terminals can be integrated with the accounting system of a commercial enterprise, effectively turning it into a fully featured
cash register that displays an entire product line. Combining all cashier machines into a single device allows the point of sale to minimise costs, which is especially important for small businesses.

VISO SMART terminals have the VISA and MasterCard certification, enabling these terminals to quickly replace any bank terminals at any point of sale. This certification means that VISO SMART terminals meet the PCI DSS 3 information security standard, which makes them highly secure.

 

In what has been a busy 2019 for the Viso team they have announced they have received licences to operate their SMART Terminals in the regions of Russia and Belarus. When you look at the partners they have onboard that include M4bank & Paymob alongside auditing firm Auditmrcheveli to name a few.

The company’s co-founders are the creators of technology leaders whose products have
been certified by VISA, MasterCard, American Express, Union Pay, and Belkart.

Viso currently trading on the Waves DEX under its native token VITO and is looking like a real value proposition! Check it out HERE!

Useful Links:

Official Site https://viso.global/
Presentation https://viso.global/viso_present_en.pdf
Whitepaper https://viso.global/white_paper.pdf
Facebook https://www.facebook.com/VISOGLOBALPAYMENTS/
Twitter https://twitter.com/@global_viso
Telegram https://t.me/VISOeng
Medium https://medium.com/viso
Bitcointalk https://bitcointalk.org/index.php?topic=2180444.0
Instagram https://www.instagram.com/viso.global/
Youtube https://www.youtube.com/channel/UCfDfxbAiNsXvJkqaW7YuTjA

 

viso.global

EU Smacks Mastercard with $650 Million Fine for Doing What Credit Card Companies Do Best

By CCN.com: The European Commission on Tuesday slammed Mastercard with a 570.6 million euro ($650 million) fine after finding the company guilty of breaching antitrust rules. According to information released by the EU regulatory body, the original fine was reduced by 10 percent because Mastercard cooperated with the Commission during the investigation.

Mastercard Overcharged Customers, Colluded against Merchants

Mastercard, which is the second biggest card brand in the European Economic Area, forced acquiring banks to apply the interchange fees of the country where the retailer was located. These practices restricted merchant options and stopped them from finding other cards with friendlier transaction fees.

Prior to December 2015, interchange fees in the EEA varied widely between countries. In December 2015, the EU capped interchange fees at a maximum of 0.2 percent of total transaction value and 0.3 percent  of transaction value for debit and credit cards respectively. This interchange fee regulation reduced retailers’ costs by a significant margin that reflected in the cost of items.

EC Investigation and Half-a-Billion Dollar Fine

Source: Shutterstock

In 2013, regulators opened a formal investigation into Mastercard to determine if its acquiring rules breached any of the antitrust laws of the EU. After its investigations, the Commission determined that Mastercard’s rules racked up more costs for both retailers and consumers as the retailers had to pay more bank charges which then translated to higher cost of items.

The Commission determined that if Mastercard’s rules were nonexistent, retailers would have the opportunity to enjoy lower bank rates from countries with lower interchange fees, which would then lower costs for card users and non-card customers alike.

In a statement released on Tuesday, Margrethe Vestager, the commissioner in charge of competition policy said:

“European consumers use payment cards every day, when they buy food or clothes or make purchases online. By preventing merchants from shopping around for better conditions offered by banks in other Member States, Mastercard’s rules artificially raised the costs of card payments, harming consumers and retailers in the EU.”

The Commission arrived at the 570 million euro figure based on the duration of the infringement, the amount of sales recorded during the infringement period and Mastercard’s level of cooperation during the investigation. In return for admitting to infringement of EU antitrust and competition rules, Mastercard received a 10 percent fine reduction.

It will be recalled that in July 2018, Google was handed a $5 billion fine by the European Commission after also being found guilty of engaging in non-competitive behaviour by forcing manufacturers to make Chrome and Google Search the default search tools on Android devices.

In any case, the fine didn’t seem to have much of an effect on Mastercard’s share price. MA shares dropped by 1.26 percent to $199.46, which was somewhat better than the 1.42 percent decline seen in the broad S&P 500 index.


Source
Author: David Hundeyin
Image Credit

Crypto Investor: Bitcoin (BTC) May Surpass Market Caps of Visa & Mastercard In 3 Years

Focus On Bitcoin, Not BTC

Since Bitcoin (BTC) burst onto the digital scene in 2009, the innovation, first headed by Satoshi Nakamoto, has been lauded as an optimized, decentralized version of Visa, Mastercard, and the like. And while the narrative has undoubtedly changed over the years, with the “BTC is digital gold” argument becoming a common sight, many believe that the world’s first blockchain network could still usurp centralized networks with ample research, development, and most importantly, time.

In a recent edition of Off The Chain, a crypto-centric newsletter and podcast run by Anthony Pompliano, the founder of Morgan Creek Digital Assets and an overt skeptic of banks, it was explaining that Bitcoin could begin to make a move on centralized payment ecosystems. Pompliano, who authored the piece, explained that a spotlight should be put on the blockchain itself, dubbed the “world’s most secure transaction settlement layer,” rather than just BTC itself.

And while Pomp made it clear that it is difficult, maybe impossible to value payment ecosystems, as the concept of network value is often abstract, not quantifiable, and still developing, the leading crypto investor did his best to draw attention to Bitcoin’s strong, but lesser-known fundamental measures.

Morgan Creek’s founder also quipped that he wouldn’t be surprised for BTC to start making a move on Visa and Mastercard. This move may only be accentuated as scaling solutions like the Lightning Network and other improvements go live and garner copious traction, while Bitcoin’s fundamentals continue to beat that of its altcoin counterparts.

Bitcoin’s Market Cap May Surpass Visa & Mastercard… Eventually

Citing recently-aggregated data from Diar, a leading crypto-friendly publication and research unit, Pomp noted that Bitcoin’s miners were “paid a total of $5.8 billion in revenue (fiat value of BTC produced) in 2018.” Although these aren’t exact numbers, especially considering the depreciation of BTC and other pertinent nuances or caveats, Pomp explained that this sum, the “top line revenue figure,” would help put Bitcoin’s status in the payment world “into context.”

The commentator, known for anti-bank, pro-crypto rhetoric and scalding comments on the establishment, subsequently compiled and visualized basic financial data from Visa, Mastercard, Square, Western Union, and two leading social media platforms to convey a point.

Pomp explained that from a revenue multiple (revenue to market capitalization ratio) point of view, Bitcoin is effectively more undervalued that both Visa and Mastercard — “the two transaction settlement networks that are most commonly compared to Bitcoin.” He noted that although BTC isn’t meant to be valued by revenue multiple, a measure often used in traditional markets, this gives context to the underlying blockchain’s performance and pseudo-inherent value.

And while BItcoin’s RM is expected to increase over 2019, due to suppressed prices, Pomp made it clear that such a move would be reasonable, “given the fast growth rate and historical premiums given to early companies/networks in an attempt to price in untapped potential.”

With all this in mind, he expressed that he wouldn’t be surprised if Bitcoin, currently 1/4th the market cap of Mastercard and 1/6th of Visa, begins to overtake the valuations given to traditional payment networks over the next three years. Ending his analysis piece on an optimistic note, Pomp wrote:

The legacy networks were built for a world that we no longer live in and the decentralized network is built for the future.

This recent quip comes just days after Pomp took to Ran NeuNer’s Crypto Trader to claim that he expects for BTC to range trade between $2,500 and $4,500 for much of 2019. However, like his Off The Chain post, he remained bullish on the network’s fundamentals, explaining that hashrate quadrupled (at 2018’s peak), while transaction count increased month-over-month from March until now. And, a collective $400 billion worth of value was settled on the Bitcoin network throughout 2018.


Source
Author: Nick Chong
Image Credit
Image Credit
Image Credit

Mastercard Says Fewer Crypto Purchases Led To Drop in First Quarter Growth

Mastercard’s quarterly growth was marked by a slight drop due to a decrease in the number of customers purchasing cryptocurrencies with the company’s credit cards, CNBC reported May 3.

Consumers can use Mastercard to acquire digital currencies, a practice forbidden by some financial institutions. Earlier this year, Bank of America, JPMorgan Chase, and Citigroup prohibited such purchases, referring to potential credit risks and cryptocurrency volatility.

Mastercard’s cross-border volumes reportedly grew by 19 percent, though that figure dropped by 2 percentage points from the fourth quarter, partly due to fewer purchases of cryptocurrencies by their cardholders.

Mastercard chief financial officer Martina Hund-Mejean said one reason was “the recent drop-off in crypto wallet funding,” although according to her, the company is expecting international growth to moderate. Mastercard CEO Ajay Banga highlighted uncertainty in Asia, saying some exchanges are pulling back in South Korea, while others in Japan have security concerns:

“There’s a lot of concerns even in Japan because one of their biggest exchanges got hacked. As you can see, right now there’s a little less interest than there was in the latter part of the fourth quarter and the first quarter.”

He further stated that digital currency is not a major part of their corporate strategy because it’s hard to predict how the sector will develop:

“This is not something we count on because we just don’t know how to predict it or we don’t even want to count it.”

Despite the slight dip in growth, Mastercard stock went up more than three percent on Wednesday after their reported first quarter profits beat Wall Street expectations. At press time their shares were trading at $186.48.

In October last year, Banga was vocally opposed to digital currency that was not backed by a government. “If the government creates digital currency, we will find a way to be in the game. We will provide rails for moving currency from customer to merchant. The government mandated digital currencies are interesting. Non-government mandated currency is junk,” he said.


Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Ana Alexandre
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Mastercard Seeks ‘Fast Track’ Way to Sync Blockchain Data

Payments giant Mastercard wants to patent a way to quickly add new nodes to a blockchain network, new filings reveal.

In a patent application published Thursday by the U.S. Patent and Trademark Office, the company outlines a method by which nodes can connect with and verify the contents of a particular blockchain. Per Mastercard, the idea is to boost the speed at which the nodes – which store a copy of that network’s transaction history – can get up to date.

Mastercard first filed the application back in October 2016. And as the application explains, “a blockchain may store thousands, millions, or even billions of transaction records over time in a vast number of different blocks.”

While this is part of its immutable nature, this also means the blockchain could “contain thousands, millions, or billions of blocks, each of which must be verified by the new node prior to the generation and addition of new blocks to the blockchain.”


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The payments firm goes on to say:
“The verification of such a large number of blocks may take a significant amount of time, during which new blocks may be added to the blockchain, further delaying the ability for the new node to participate … Thus, there is a need for a technical solution to increase the speed at which a blockchain may be navigated for verification thereof, which can thereby reduce the time required for a new node to begin participating in the blockchain.”

In order to do this, the proposed system would include so-called “fast track flags” included in block headers. Nodes, per Mastercard, would be able to use those flags to scan over the blockchain’s contents more quickly.

Notably, the filing also discusses using a specially configured blockchain, which would act as the software counterpart to the nodes and help enable further efficiencies.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Nikhilesh De
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