Will Ethereum replace Visa in Couple of Years?


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. If you are not familiar with Block chain,
you can check the link in the description of this video to watch video telling about
basics of Block chain.

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