Discover Financial Services (NYSE:DFS) Finally Resolves To Join The Blockchain Trade Group


The stock of Discover Financial Services (NYSE:DFS) closed at $71.92 gaining 0.50% in yesterday’s trading session. This global payments giant has moved ahead to link up with the Chamber of Digital Commerce and it will be seeking to play a major part in advancing the group’s mission of promoting blockchain education and advocacy.

The firm is set to join the chamber’s executive committee and it will be standing out as a full member for the firm which has over the years dedicated it to operate in the Discover Card. The move to be a part of the adoption of blockchain technologies globally is a move that has been praised by quite a significant number of market observers.

It is worth noting that Discover’s payment rails function in almost 185 different countries and that makes it one of the biggest issuers of cards in the US as was disclosed in a recent press release. The president of the Chamber Perianne Boring while addressing several journalists that approached her wanting her to crack up regarding the latest developments had quite much to say.

She started by commending the move to welcome new member taking the strong stand that it was really a sign of significant maturation of the blockchain  sector. One thing that is coming out clearly is the fact that one of the biggest company is a part of the whole process and she termed that an impressive sign.

These changes are pulling along at a time when business dynamics around the globe are apparently shifting pretty fast thus compelling most of the businesses to review the strategies they employ in their diverse business operations.

Time and again, the official has been recorded saying that Discover and the Chamber have made joint efforts to work on a code-a-thon and also moving ahead to outline that the payments firm had started boosting its operations in the blockchain space as well as raising its interest.

At this point in time, the monumental matter facing the blockchain technology ecosystem is one to do with regulatory uncertainty.


Please enter your comment!
Please enter your name here