NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Can EMV Enabled Credit Cards Offer Security on Par with Bitcoin?

Gautham
Gautham
4 years ago
2 mins read
Can EMV Enabled Credit Cards Offer Security on Par with Bitcoin. newsbtc bitcoin news

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The banking and financial industries have been doing everything in their power to counter the influence and growth of bitcoin and other digital currencies. These digital currencies with secure and transparent features combined with ease of use have been offering tough competition to traditional banking and financial sector. The competition has grown to such an extent that financial institutions are now considering bitcoin as a threat to their business and they have started finding ways to keep up with the cryptocurrency industry by exploring ways to incorporate blockchain technology into their operations.

Meanwhile, banks are tweaking their existing products to match different aspects of bitcoin. In one such move, banks across the world have started issuing EMV enabled credit cards to enable secure transactions. These ne cards have an EMV chip integrated into them. The EMV chips will contain all the user information embedded into it. With the introduction of EMV  based credit cards, the probability of card’s data getting compromised is very low, These cards can now be swiped anywhere without any worries.

The new EMV based credit cards store user information on the chip itself instead of saving them all on a magnetic swipe. Storing information on magnetic strip reduces the threat of card skimming to zero. Even if fraudsters want to skim credit card info and create a clone of it, they will now be needing specialized equipment and access the card for a longer duration.

With EMV based cards, banks are trying to bring the security levels associated with credit cards close to that of bitcoin. However, unlike bitcoin transactions, credit card transactions made using EMV based cards can still be reversed unlike bitcoin transactions.

Introduction of EMV based credit cards subjects retailers to an increased burden as they should ensure that their POS terminal is compatible with newer credit cards, else they will be unable to process transactions.

Source: Inside Bitcoins
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Comments 2

  1. TheBest DealAutosales says:
    10 years ago

    Not a chance, these cards have been hacked for over ten years. Any kid can clone them in ten seconds!!

    Reply
  2. Oscar Feliciano says:
    10 years ago

    “In one such move, banks across the world have started issuing EMV enabled credit cards to enable secure transactions.”

    These cards, also known as chip-and-PIN, have been commonplace throughout most of the world for the past decade. The United States is just starting to require their usage by the credit card companies.

    This has nothing to do with Bitcoin or any other cryptocurrency. Enough with the fear-mongering.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. TheBest DealAutosales says:
    10 years ago

    Not a chance, these cards have been hacked for over ten years. Any kid can clone them in ten seconds!!

    Reply
  2. Oscar Feliciano says:
    10 years ago

    “In one such move, banks across the world have started issuing EMV enabled credit cards to enable secure transactions.”

    These cards, also known as chip-and-PIN, have been commonplace throughout most of the world for the past decade. The United States is just starting to require their usage by the credit card companies.

    This has nothing to do with Bitcoin or any other cryptocurrency. Enough with the fear-mongering.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Price Drops After Bullish Attempt

Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout

As the Ethereum price has broken out above $3,000, the shorts have piled on with expectations that this rally will...

Scott Matherson 2 hours ago
Bitcoin

Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH

Bitcoin has been exploring new all-time highs (ATHs) recently, but Strategy still seems to be in accumulation mode as it...

Keshav Verma 3 hours ago
memecoins, crypto, trump, memecoin

Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report

A recent report has found that US President Donald Trump’s official memecoin, TRUMP, had a faster listing process on crypto...

Rubmar Garcia 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

crypto Fear & Greed Index, waarom daalt crypto

Crypto ‘Fear & Greed Index’ op 73 tijdens 5% markt correctie – volgt er een verdere daling?

Lars Diederiksen 2 minutes ago
Coinbase

Coinbase: A Surprising Champion Of The Trump Trade, Eyes New Stock Records

Ronaldo Marquez 1 hour ago

Vaļi ir atgriezušies mēmu monētās pēc Bitcoin jaunā visu laiku augstākā līmeņa – Telegram bots mēmu monētu meklēšanai

lasma 2 hours ago

Premium Sponsors

Press Releases

  • Тези 3 монети под $1 могат да превърнат инвестиция от $200 в $2 милиона до 2027 година

    Тези 3 монети под $1 могат да...

    30 minutes ago
  • Synthetic Darwin Introduces Breakthrough AI With Israeli...

    40 minutes ago
  • Memecoins sao ativos inspirados na cultura digital

    Floki, SPX, Bonk Tăng 10% Giữa Cơn Sốt Meme Coin –...

    1 hour ago
  • Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na 2 milióny do roku 2027.

    Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na...

    1 hour ago
  • BTC Vượt $120K – Các Đồng Coin Tiềm Năng Nào...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.