Visa has released a product to help financial institutions issue fiat-backed tokens on blockchain networks. The Visa Tokenized Asset Platform (VTAP), the company announced Thursday (Oct. 3), is available on Visa’s development platform to allow its banking partners “to create and experiment with their own...
In the ever-evolving landscape of artificial intelligence (AI), a transformative force is at play in the realm of large language models (LLMs): the token. These seemingly unassuming units of text are the catalysts that empower LLMs to process and generate human language with fluency and...
Visa said its token service has been a boon for the Asia-Pacific region’s digital economy. The region saw an “uplift” of more than $2 billion last year due to Visa token service (VTS) adoption, the company announced in a Tuesday (March 26) press release. “VTS replaces the 16-digit...
Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating everything that banks do — from settlements to extending credit to investing, and even to sending and storing money. The...
May 05, 2021
We’re in rarefied territory when the price of anything that is traded – on Wall Street, on exchanges, on eCommerce platforms, heck, even tulips of manias past – spike by double-digit percentages, with regularity. It used to be bitcoin, and now it’s a joke coin. But the warning signs that are flashing are no laughing […]
July 01, 2020
Tokens are incredibly powerful tools to secure data and safely transport it from one point to another. Now is the time to take a broader look at them in the...
June 18, 2020
The advance of digital payments in Latin America over the last two decades has been slow when measured against other parts of the globe. Visa’s Senior Vice President of Products...
October 18, 2018
Mastercard said Wednesday (Oct. 17) that it will enable tokenization services on all cards by 2020, as part of its Digital Commerce Solutions, a suite of offerings geared toward making...
October 10, 2024
Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” cross-border liquidity and payments between participating Citi branches. The tool was created with a private and permissioned blockchain that is solely owned and managed […]
October 03, 2024
Visa has released a product to help financial institutions issue fiat-backed tokens on blockchain networks. The Visa Tokenized Asset Platform (VTAP), the company announced Thursday (Oct. 3), is available on...
March 26, 2024
Visa said its token service has been a boon for the Asia-Pacific region’s digital economy. The region saw an “uplift” of more than $2 billion last year due to Visa token service (VTS)...
July 13, 2023
A U.S. District Judge ruled Thursday (July 13) that cryptocurrencies sold to institutional investors by Ripple are securities under federal regulations. “Institutional buyers would have understood that Ripple was pitching a speculative...
