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The card companies agreed to let merchants steer customers to the payment network the merchant preferred.
Second, it owns a payment network linking banks, retailers and consumers.
But is the firm using Dwolla's payment network to relay any of the investment?
Bitcoin, the first and biggest cryptocurrency, is part of a decentralised payment network.
The company can afford to be competitive because it owns the payment network that process its transactions.
Mr. Partridge said the new service was part of Visa's larger strategy of expanding its payment network.
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Do you think consumers would benefit from more competition among payment networks?
Payment networks are also keeping an eye on blockchains, attracted by their tiny transactions costs.
This allows it to side-step the big payment networks and their stiff interchange fees.
The system integrates with the Visa and MasterCard payment networks, among the most complicated around.
This, of course, requires cooperation with banks or other payment networks, which happened in the United States and Europe.
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