I can not read french. But, VISA's blockchain is not a true blockchain. It is more of a shared DB with a centralized authority to tune it to meet their need.

You do not need to understand French to see what they saying... The middleman {banks} are being eliminated as a third party between

two parties, and this is the disruptive force that Bitcoin is bringing to the party.  ... One of these days, we can eliminate most of the

third parties that are currently in control of our finances. 

And well, we can see people talking about make bitcoin banks...

Truth is: people need security and always will pay for it.

Well it all comes down to security and usability. The later is a big time issue. Imagine your grandparents using Bitcoin??? BTC s been around for a long time and UI has not been simplified at all. This must change before things start developing further.

Well while Bitcoiners are busy hating and badmouthing anything and everything that doesn't adhere to their 'Bitcoin philosophy', banks are calmly looking for ways to integrate the blockchain tech into their design, completely oblivious to the hate. The blockchain tech that Satoshi created is bigger than us, it's bigger than Bitcoin. Why not let them do their thing while we do ours and let the people decide for themselves which one they prefer?

You can replace Visa with other stuff like SWIFT, ACI and even BankBlockchainhyperledger....

But still you sound a bit philosophical: how comes a dead one knows anything?

 

Whatever that will come from visa and banks in the name of blockchain will be centralized and controlled by few people for sure and i see this visa blockchain not more than that.

They are trying to adopt blockchain tech however they will fail to get good community support, as who gonna love centralized platform with bank attached and all of the transaction getting checked/ verified by few hands before getting processed.

Nice picture demonstrating difference between visa blockchain and bitcoin blockchain.

But I think bitcoin will win in the long run as more people are becoming aware of it.While banks are adopting it in their system,still the profits goes to them in terms of charges etc. People are looking a system which is cheaper or value for their money.

Yes, that's it. It is centralized and offer no privacy in transactions. Imagine the path you will take as illustrated above, each path the transaction follows means more loss because exorbitant fee are been charged by the middle parties there. With bitcoin, you are free to go direct without any intervention.

True. And banks do that because of love?



We morons pay for all those losers - due to nice insurance fees !!!!