According to PANews, Vitalik Buterin recently discussed the origins of Visa, noting that it was initially founded on decentralized principles. He emphasized that the original intent of Visa is closely related to the modern concept of Decentralized Autonomous Organization (DAO). However, over time, Visa has come to be perceived by many as an institution that extracts value or acts oppressively. Buterin believes that this transformation offers significant insights for governance and the development of Web3 and crypto-networks.

The discussion also mentioned the concept of "Haordic Organization," introduced by Visa founder, Di Hock. This idea highlights Visa's early role as a pioneer in decentralized governance and ownership, providing valuable lessons for the cryptocurrency industry to contemplate and learn from.