The Visa Inc (NYSE: V) Crypto Payment Solution (Gleec) would utilize AtomicDEX, atomic swap technology of Komodo, in its decentralized trading app – GleecDEX.
The users can exchange their fiat currencies and crypto through GleecDEX utilizing Gleec’s Visa Debit Card. GleecDEX decentralizes the payments unlike cryptocurrency platform integrated traditional payment networks that depend on centralized exchanges.
GleecDEX is developed by Gleec using Komodo’s AtomicDEX. Komodo is a blockchain solutions and open source technology provider.
AtomicDEX bypasses the centralized intermediaries in exchanging one cryptocurrency with another across the chains by enabling atomic swaps. The alliance allows all the users to trade on Smart Chain designed by Komodo. GleecDEX bridges decentralized and traditional technology. It will not compromise security or speed.
Participation in the virtual conference
Visa’s VC, Vasant Prabhu, will participate in the virtual BSD (Bernstein Strategic Decisions) Conference on June 2, 2021, at 1:30 PM.
Its CPO, Jack Forestell, will participate in the virtual WBGS (William Blair Growth Stock) Conference on June 3, 2021, at 12:20 PM.
Vasant will also participate in the virtual BAGT (Bank of America Global Technology) Conference on June 8, 2021, at 1 PM.
Enters a pact with CoinZoom
Visa entered a deal with CoinZoom to helps its customers make payments at over 53 million locations using cryptocurrency. The CoinZoom Visa cardholders will benefit from 1% to 5% rewards on every purchase.
The CoinZoom Visa cardholders can use CoinZoom App to select appropriate cryptocurrency for their purchases at merchant portals. CoinZoom and Visa will convert the cryptocurrency into the local currency applicable to the respective merchant.
Visa currently offers CoinZoom Visa cards in the US. The company will soon introduce this facility to customers worldwide.
Enters a deal with MST
Visa signed a deal with MST (Monterey-Salinas Transit) to offer contactless payments for travelers across California. The deal also includes Littlepay, Cybersource, Caltrans, and SC Soft.
The recent tie-up allows Visa to extend the contactless payments option to state transport operators and residents in California.
The MST riders just need to tap their contactless debit, credit, or prepaid cards to make payment for seamless travel. As a result, travelers on MST buses need not carry hard cash.