Quote from: mainthread on January 06, 2019, 02:33:47 PM

Quote from: Abiky on January 02, 2019, 05:29:16 PM

Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?

The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.

Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA?

If the blockchain proves its viability and can provide great benefits, then I have no doubt that VISA will be able to develop its blockchain and continue working. Why should blockchain kill this system? This is just technology and it will be used if needed.

Lol you have been giving a vague statement regarding the possibility for visa to create its own blockchain. It's easy for them to pay a lot of blockchain experts to create a new one for them all. Remember when you are seeing the fact that visa has been thinking to create its own one after seeing a lot of companies have tried that before