Visa to accept cryptocurrency USDC for payments
Visa said it is the first major payments network to settle transactions in USD Coin (USDC)
Company
Visa Inc
NYSE:V
Visa Inc is a global payments technology company. The company provides digital payments across more than 200 countries and territories. Visa Inc connects consumers, merchants, financial institutions, businesses, strategic partners and government entities through technologies. The company operates through the payment services segment.
88 stories · page 3 of 5
Hardware & electrical equipment
Ipsidy realigns corporate organization, makes several management changes
Phillip Kumnick, who recently joined the Ipsidy board, will assume a new role as deputy chairman
Government and regulatory criticism means Facebook’s Libra could be dead on arrival
Trump, Fed chair Jerome Powell and now the US Congress have all turned their fire on the social media giant's planned digital currency, which is scheduled to launch next year
Bitcoin sinks over 10% as Powell calls for halt to Facebook’s Libra project
The Fed chairman said on Wednesday that the new cryptocurrency presented "serious concerns" around privacy, consumer protection and money laundering
Hardware & electrical equipment
Facebook unveils new Libra cryptocurrency
The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
Bitcoin hits 12-month high as launch of Facebook cryptocurrency expected imminently
The social media giant is expected to launch its own cryptocurrency, known as Libra, on Tuesday
SafeCharge becomes latest payments processor to be snapped up as it accepts £700mln bid
Canada’s Nuvei has offered 436p for every SafeCharge share, which bosses have urged shareholders to accept
Watchdog waves through Earthport takeover by Visa
CMA said it had decided that the agreed acquisition “does not qualify for investigation”
MIDDAY MOVERS: ServiceNow soars after 4Q profit surprises to the upside; DowDuPont weighs down the Dow industrials
Charter Communications, Visa and United Parcel Service are also seeing intraday action
Investments and investor services
EARLY MOVERS: General Electric shares light up as latest quarterly revenue cheers, but Visa flops
Also in the frame in New York pre-market is United Parcel Service Inc and United States Steel Corp
Visa reports slight beat in EPS for fiscal 4Q and guides for revenue growth in 2019
Research brokerages reiterate Outperform rating for the company and set price targets ranging from $150 to $160
Investments and investor services
Uber IPO may be worth all-time record $120 billion, says Wall Street Journal
The offering could easily eclipse the record held by Alibaba when it listed in 2014
PRE-MARKET MOVERS: Tripadvisor shares travel lower after earnings miss, but glucose monitoring group Dexcom sweetens up
Also in the frame before the New York bell was Wayfair Inc and Kroger Co.
Morgan Stanley analysts are bullish on US bank stocks and other financial stocks
Rising interest rates, expense management and deregulation should help bank stocks, according to the analysts
Visa says UK consumers cut their spending by the most in over five years in March
On average, spending fell by 1.4% year on year over the first quarter, to mark the worst quarterly performance since the fourth quarter of 2012
S&P/ASX 200 closes 53 points down on weak global cues
S&P/ASX 200 opened lower as expected but slowly rallied throughout the day.
Investments and investor services
S&P/ASX 200 opens down but bounces above 5,800
S&P/ASX 200 opened lower as expected but has started to rally.
Visa's quarterly revenue beats forecasts but slower growth in coming months seen
Visa said it expects an increase in full-year expenses and slower revenue growth in the current quarter
Medical Cannabis Payment Solutions to accept bitcoin for legal pot purchases using its Green app
“The ability to process bitcoin will make us that much more attractive to marijuana establishments and, perhaps more importantly, their clients,” said CEO Jeremy Roberts
Visa plays its cards right in the third quarter
Visa saw strong growth across payments volume, cross-border volume and processed transactions