Is Visa (V) a Value Investment in Cryptocurrency?
Visa Crypto APIs allow websites and apps to process cryptocurrency transactions. For example, a Visa Crypto API could allow an e-commerce site to accept Bitcoin (BTC) payments.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Visa Crypto APIs allow websites and apps to process cryptocurrency transactions. For example, a Visa Crypto API could allow an e-commerce site to accept Bitcoin (BTC) payments.
Read MoreVisa (V) is the world’s largest payment platform. To demonstrate Statista reports there were 755 million Visa cards in circulation worldwide in 1st Quarter 2018. In particular, there were 342 million Visa cards in the United States in 1st Quarter 2018.
In contrast Statista estimates there were 244 million PayPal (NASDAQ: PYPL) accounts worldwide in 2nd Quarter 2018. Correspondingly, Statista estimates there were 127 million Apple Pay users worldwide in 2017. Importantly, many of these Apple Pay users are making payments with Visa through Apple Pay.
Therefore, Visa (V) has a vast advantage over any potential competitor. Its platform is almost six times as large as Apple Pay and over three times as large as PayPal’s.
Read Moret looks as if Current C is probably dead, but at least two major new payment apps are rising from its ashes. Both Walmart Pay and Chase Pay have the potential to be far larger than Apple Pay, which is bad news for Apple Inc. (NASDAQ: AAPL). Those brands and not Apple Pay could be the future of payment.
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