Visa's executive vice president of technology, Rajat Taneja, has revealed that the company will begin to use blockchain at its technology innovation centre in Bengakuru, looking how it can integrate the technology into its two digital mobile payment products, Visa Checkout and mVisa. The move comes after a meeting between Visa CEO Ajay Bangaru and Blockchain Foundation founder Vitalik Buterin, who is also an advisor for the company.
Visa's executive vice president of technology, Rajat Taneja, has revealed that the company will begin to use blockchain at its technology innovation centre in Bengakuru, looking how it can integrate the technology into its two digital mobile payment products, Visa Checkout and mVisa. However, Taneja added that this operation will later be expanded and that "India will soon have teams that will jointly work with out two research labs in US and Singapore in studying many aspects of blockchain."