Visa Europe to bitcoin, micro payment experiment

Visa Europe to bitcoin, micro payment experiment

Bitcoin micro payment startups SatoshiPay and Visa European Innovation departments to develop a new proof of concept project.

In May this year, Visa co-founder of European Innovation Department said that they are exploring for interconnection equipment bitcoin micro payment. At that time, the company said, they are looking for the application of intelligent lighting, it can pay for the consumption of electricity.

This concept, according to MeinhardBenn SatoshiPay’s founder, will involve the integration of the startup and payment structure of Visa card, the realization of personal Visa account end to micro payment between SatoshiPay wallet.

   

Benn said that this proof of concept aims to establish a more secure, a method of using credit card and debit card to buy a small amount of bitcoin.”

He told CoinDesk:

“In the proof of concept, we will establish a more secure, a method of using credit card and debit card to buy a small amount of bitcoin. After the integration of currency payment, we will integrate other payment methods, including direct debit or instant bank transfer.”

Benn said that Visa plans to cooperate with the company to explore how this technology can be used for machine to machine payment, and networking equipment. Other plans are also included in the study of future user feedback.

It is reported that this is not the Visa European Innovation department first contact with bitcoin field. As early as last year, the company announced a partnership with Epiphyte developed a proof of concept remittance application.

The reporter contacted on behalf of Visa in Europe, but the other did not immediately comment on the matter.

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