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❕NEWS VISA develops an offline payment system for CBDC

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In view of the fact that the introduction of Central Bank Digital Currencies (CBDC) would bring enormous benefits to users, VISA has been exploring models that would facilitate the offline exchange of digital cash, therefore it has presented an offline payment protocol. which has the acronym OPS. This would allow users to pay digitally without having access to the internet.
What do you think about this new VISA protocol?
 
In view of the fact that the introduction of Central Bank Digital Currencies (CBDC) would bring enormous benefits to users, VISA has been exploring models that would facilitate the offline exchange of digital cash, therefore it has presented an offline payment protocol. which has the acronym OPS. This would allow users to pay digitally without having access to the internet.
What do you think about this new VISA protocol?
VISA is taking huge strides where Cryptocurrencies is concerned. I hope other payment platforms emulate this for convenience and speedy transactions.
 
Its a nice move, the integrating of offline payment protocol will be for its users and it will go a long way to attract more users of Visa. I think Visa wants to lead the way in digital payment system.
 
It would be a very good ones , since they are not paying online and payment is been done offline , Visa is doing great job , i hope they shows more support
 
Its a nice move, the integrating of offline payment protocol will be for its users and it will go a long way to attract more users of Visa. I think Visa wants to lead the way in digital payment system.
They surely want to do so because creating an offline payment system like that would make transaction more faster and easier too
 
In view of the fact that the introduction of Central Bank Digital Currencies (CBDC) would bring enormous benefits to users, VISA has been exploring models that would facilitate the offline exchange of digital cash, therefore it has presented an offline payment protocol. which has the acronym OPS. This would allow users to pay digitally without having access to the internet.
What do you think about this new VISA protocol?
The (CBDC) central bank digital currency idea came up last year, 2021. But till today i haven't seen any improvement or confirmation of it implementation into our day to day transaction activity, so why Visa having plans for what has not been implemented. Or it could be that am not updated? Visa is even looking for a way to allow users to have access to pay or receive without internet. That's intriguing.
 

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