This week in crypto venture:$350M raised across 28 deals, $1.4B in $BTC treasuries, and 2 acquisitions by @Circle and @Anchorage.Jake (@immutablejacob):28 crypto projects raised $350 million this week.here are the top 5 👇@RedotPay - $107M> Hong Kong-based crypto payment platform offering physical Visa cards> @GoodwaterCap, @PanteraCapital, & @circle_ventures@fuseenergy - $70M at a $5B valuation> Solana-based DePIN https://t.co/erTdWZz7U3 ...

Core Insights - Visa's earnings growth may slow, but it is still positioned to deliver better returns than the S&P 500 by potentially reaching a $1 trillion market cap by 2030 [1][15] Company Overview - Visa operates a simple and effective business model, generating revenue from transaction volume and processed transactions, making it a reliable long-term investment [3][5] - Unlike American Express, Visa collaborates with financial institutions to issue cards, resulting in higher margins and lower credit risk [4] Financial Performance - In the latest fiscal year ending September 30, Visa reported an 11% increase in net revenue, 8% in payments volume, 10% in processed transactions, and a 14% rise in non-GAAP EPS [5] - Visa's non-GAAP EPS only declined by 7% during the pandemic, showcasing the stability of its business model compared to more cyclical financial sectors [7] Market Position and Valuation - Visa's current market cap is approximately $632 billion, requiring a compound annual growth rate of 9.6% to reach $1 trillion by 2030 [8] - The stock has seen a decline of over 10% in the last six months, resulting in a P/E ratio of 32.2, which is below its 10-year median of 34.3 [8][10] Future Growth Potential - Analyst estimates suggest Visa will generate $12.81 in EPS for fiscal 2026 and $14.43 for fiscal 2027, indicating continued growth in the low double digits [13] - Even with a potential slowdown in growth, Visa is expected to reach a $1 trillion market cap by 2030, supported by its strong business model and cash flow [11][14] Investment Consideration - Visa is viewed as a balanced buy for long-term investors, with a fair valuation and a clear path for future earnings growth that is not heavily reliant on favorable economic conditions [14]

Core Insights - Visa Inc. is enhancing its presence in Europe as Beyond by RS2 becomes a Principal Issuing Member, allowing it to issue Visa cards directly and offer comprehensive card programs, aligning with Visa's goal of deeper ecosystem integration [1][8] Group 1: Visa and Beyond by RS2 Collaboration - Beyond by RS2 transitions from a service provider to a full-fledged payments powerhouse, offering a wide range of flexible and scalable card solutions including debit, credit, prepaid, and corporate cards in both physical and digital formats [2][8] - The collaboration allows for improved fraud prevention, compliance, customer support, and faster market entry across the European Union and the European Economic Area [2] - This partnership expands Visa's presence in Europe's issuer ecosystem and represents a crucial step for RS2 in scaling its innovative payment products, indicating a more competitive card-issuing landscape [3][4] Group 2: Competitive Landscape - Competitors such as Mastercard and American Express are also enhancing their capabilities; Mastercard reported a 13% year-over-year increase in net revenues for the first nine months of 2025, while American Express saw a 9% rise in total revenues during the same period [5][6] - Visa's stock performance has shown a 4.5% increase over the past year, contrasting with a 12.1% decline in the industry [7] Group 3: Financial Estimates and Valuation - Visa trades at a forward price-to-earnings ratio of 24.98, above the industry average of 20.25, and carries a Value Score of D [10] - The Zacks Consensus Estimate for Visa's fiscal 2026 earnings suggests an 11.7% increase from the previous year, with year-over-year growth estimates of 14.18% for the current quarter and 11.68% for the current year [11][12]

Core Insights - Visa has demonstrated exceptional performance with a total return of 2,550% since its IPO in 2008, turning a $38,000 investment into $1 million as of November 15 [2] - The company benefits from a powerful network effect, with 4.8 billion Visa cards in circulation and acceptance at over 150 million merchant locations, enhancing its value proposition [3][4] - Visa's competitive position is robust, making it difficult for challengers to disrupt its market share, as it plays a crucial role in the economy [4] Financial Performance - Visa's revenue for fiscal 2025 reached $40 billion, reflecting an 11% year-over-year increase, driven by an 8% rise in payments volume totaling $16.7 trillion [8] - Transaction counts increased by 10%, and cross-border volume saw a 13% rise, indicating strong growth in digital payment adoption [8] Market Position and Risks - The presence of stablecoins poses a potential risk, with a market value of approximately $300 billion; however, consumer loyalty to rewards credit cards may hinder widespread adoption of stablecoins [5] - Despite potential threats, Visa's growth trajectory remains strong, supported by the increasing adoption of digital payments [7]

Core Insights - Beyond by RS2 has achieved the status of Principal Issuing Member of Visa in Europe, enabling the company to directly issue Visa cards and manage payment card programs [1][5]. Group 1: Company Positioning - This milestone enhances Beyond by RS2's role as an end-to-end payment partner, offering a combination of issuing, acquiring, and processing services within a regulated framework [2][5]. - The company aims to support banks, fintechs, corporates, and merchants in developing flexible, scalable, and compliant card programs tailored to their business models [2][5]. Group 2: New Services Offered - Beyond by RS2's new issuing services include BIN sponsorship, allowing businesses to launch card programs without needing their own license, and co-branding solutions to enhance customer loyalty and brand engagement [3][4]. - The company provides a variety of card solutions, including debit, credit, prepaid, and corporate cards, available in both physical and digital formats, with support for Apple Pay and Google Pay [3][4]. Group 3: Comprehensive Program Management - Beyond by RS2 offers end-to-end program management, covering all aspects from branded card products to customer support, fraud prevention, and compliance, leveraging its regulatory expertise [4][5]. - The company aims to help businesses launch quickly and securely across the European Union (EU) and the European Economic Area (EEA) [4][5]. Group 4: Strategic Growth - Achieving Visa Principal Issuing Member status is a significant milestone in Beyond by RS2's growth strategy, allowing the company to deliver greater value to customers and partners [5][6]. - The company provides a comprehensive one-stop solution for businesses entering the payments market or expanding existing offerings, including employee benefit and expense cards, loyalty programs, fuel cards, and early-wage access solutions [5][6]. Group 5: Technological Advantage - As part of the RS2 Group, Beyond by RS2 benefits from direct access to advanced payment infrastructure and processing technology [6]. - The combination of advanced technology with regulatory and operational expertise empowers clients and partners to innovate and scale confidently across the European market [6].

Core Insights - Consumer spending remains strong globally, with Mastercard and Visa reporting positive growth metrics in their recent earnings calls for Q3 2025 [1][3][7] Mastercard Insights - Management indicates that consumer and business spending is healthy, supported by steady inflation, a balanced labor market, wage growth, and rising financial markets, despite some macroeconomic uncertainties [3][4] - Worldwide gross dollar volume (GDV) increased by 9% year-on-year in constant currency; cross-border volume rose by 15%, driven by both travel and non-travel spending [4][5] - In Q3 2025, Mastercard's card growth was 6%, with 3.6 billion cards in circulation; domestic assessments were up 6%, while cross-border assessments increased by 16% [4][5][6] Visa Insights - U.S. payments volume grew by 8% in Q3 2025, with e-commerce outpacing physical spending; both credit and debit volumes were up 8%, indicating resilient consumer behavior [7][8] - Visa's cross-border volume growth was strong at 11% year-on-year in Q3 2025, with e-commerce up 13% and travel improving to 10% [8] - Payments volume on Visa's network continued to grow in October 2025, with U.S. payments volume up 7% and cross-border volume up over 12% [9]

Group 1 - Warren Buffett emphasizes the importance of assessing a company's competitive advantage and its durability rather than focusing solely on industry growth [1] - Visa is recognized as the world's largest payment processor, with over 150 million merchants accepting it and processing approximately $16.1 trillion in transactions in the year leading up to March 31 [2][5] - Visa's competitive advantage stems from a strong network effect, where new cardholders and merchants are incentivized to adopt Visa due to its widespread acceptance [3] Group 2 - The network effect allows Visa to grow organically without significant spending on customer acquisition or short-term incentives, reinforcing its market position [4] - Visa's long-standing leadership has fostered a strong brand reputation and trust, making it a preferred choice for businesses seeking secure transaction handling [4]

Project Overview - Project focuses on tokenomics [1] - Project aims to provide various crypto-related services [2] Key Features - Supports Visa/Mastercard payments [2] - Enables crypto bill payments and gift cards [2] - Offers invoicing and payroll solutions [2] - Supports 70+ cryptocurrencies across multiple chains [2] - Provides fast and secure transactions [2] - Features non-lock staking [2] - Assets are backed by BNB [2] - Offers smart loans with zero interest [2]

RT 🚨BSC Gems Alert🚨 (@BSCGemsAlert)🥇WHEN YOU ARE THIS EARLY 💎✅ Visa/Master cards✅ Crypto bill payments✅ Crypto gift cards✅ Invoicing✅ Payroll✅ 70+ cryptocurrencies✅ multiple chains✅ Fast✅ Secure✅ TOKENOMICS- Staking (non lock)- Asset backed in BNB- Smart loan interest free🌍 https://t.co/HPy2wop4BV📱 https://t.co/GzPZZXUjC20xfa2E4eC5a818C2D2C352f4b152C06338D476b646 ...

Financial Data and Key Metrics Changes - Visa reported net revenue of $10.2 billion, an increase of 14% year over year, and EPS rose by 23% year over year [6][35][42] - Overall payments volume grew by 8% year over year in constant dollars, with U.S. payment volume increasing by 7% and international payments volume by 10% [6][35][36] - Cross-border volume, excluding intra-Europe, rose by 11% in constant dollars, and processed transactions grew by 10% year over year [7][35][36] Business Line Data and Key Metrics Changes - Consumer payments revenue was driven by strong payments volume, cross-border volume, and processed transaction growth [41] - Commercial and Money Movement Solutions (CMS) revenue grew by 13% year over year in constant dollars, with Visa Direct transactions increasing by 25% [15][42] - Value-added services revenue reached $2.8 billion, growing by 26% year over year in constant dollars, driven by strength across all portfolios [25][42] Market Data and Key Metrics Changes - Total international payments volume increased by 10% year over year, consistent with Q2 when adjusted for leap year [35][36] - U.S. payments volume growth was generally consistent with Q2, with e-commerce growing faster than face-to-face spend [36][38] - Cross-border volume growth remained strong and above pre-COVID levels, despite currency weakness and travel impacts [31][39] Company Strategy and Development Direction - Visa is focused on innovation in areas such as AI and stablecoins, with a commitment to evolving its product offerings [8][20] - The company aims to deepen relationships with clients and expand its digital payment solutions, including account-to-account payments and open banking initiatives [14][19] - Visa's strategy includes enhancing its value-added services and leveraging its global scale to capture growth opportunities [32][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer spending and the company's ability to navigate macroeconomic challenges [30][48] - The outlook for Q4 remains strong, with expectations for continued growth in net revenue and EPS [46][48] - Visa is planning for FY 2026, evaluating various macroeconomic scenarios and client renewals to drive future growth [95][96] Other Important Information - Visa's operating expenses grew by 13%, primarily due to higher personnel costs and lower-than-expected FX benefits [43][66] - The company issued €3.5 billion in fixed-rate senior notes and repurchased approximately $4.8 billion in stock during the quarter [43][44] - Visa is actively involved in the stablecoin space, supporting regulatory clarity and exploring its use in remittances and cross-border transactions [20][23] Q&A Session Summary Question: Follow-up on the fourth quarter guide - Management indicated that Q4 is expected to be fundamentally strong, with resilient consumer spending and normalization of prior one-time impacts [52][54] Question: Investment priorities and operating expenses - Management confirmed that investment priorities remain unchanged, focusing on product development and growth, while Q3 operating expenses were higher due to FX and personnel costs [62][66] Question: Spread between international transaction fees and nominal cross-border volume - Management explained that the spread was impacted by higher currency volatility, hedging losses, and changes in mix, particularly with U.S. inbound travel [70][74] Question: Visa Direct's growth and pricing dynamics - Management highlighted Visa Direct's significant growth and its role as a cross-border money movement platform, with pricing strategies varying by region and use case [78][84] Question: Expectations for volume transactions in fiscal 2026 - Management expressed confidence in the growth potential across its business segments and the ongoing momentum in value-added services [90][92] Question: Role of stablecoins in remittances - Management discussed the potential for stablecoins to facilitate faster and cheaper cross-border transactions, benefiting both consumers and service providers [100][104] Question: Growth of advisory services related to stablecoins - Management confirmed strong growth in the advisory business, particularly around stablecoins, and highlighted opportunities for monetization through consulting services [108][110]