Autoplay Next video from Max length

Will Ethereum replace Visa in Couple of Years?

315 views · Published 19 September 2017 · 1:12 · Indexed 12 October 2026

Channel: Rajamanickam Antonimuthu · 2017 · Science & Technology

Ethereum's founder, Vitalik Buterin, believes that his cryptocurrency has the potential to replace things like credit card networks and gaming servers. He even goes as far to say that Ethereum will replace Visa in "a couple of years," though he later clarified that "ethereum will have Visa-scale tx capacity, not that it will 'replace Visa."

In a Q&A with AngelList founder at TechCrunch Disrupt , Vitalik Buterin said that security is the biggest challenge to bringing blockchain technologies into the mainstream, and that once it's sorted out blockchain tech could steal business or even replace financial institutions like Visa in a "couple of years."

Blockchain technologies like Ethereum are widely believed to be the next big disrupter for industries ranging from law to shipping.

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality.
News Source: https://techcrunch.com/2017/09/18/ethereum-will-replace-visa-in-a-couple-of-years-says-founder/
If you are not familiar with Block chain, you can watch https://www.youtube.com/watch?v=E_kCCgsldjU to know about basics of blockchain technology.

Will Ethereum replace Visa in Couple of Years?

More from this channel