Visa: turnover of funds on cryptocurrency cards reached $2,5 billion at the beginning of the year

The payments company announced that its network of partners has increased from 54 to 65, including Coinbase, Circle, and BlockFi

29.01.2022 - 07:10

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What’s new? Visa reported that customers have made $2,5 billion in payments using its cryptocurrency cards since the start of the 2022 fiscal year. This accounted for 70% of the company’s digital asset transactions volume for the entire 2021 fiscal year. This is reported by CNBC.

Information on the CNBC website

What does the company’s representative say? Visa CFO Vasant Prabhu told CNBC in an interview that the company has generated higher profits than expected.

“To us, this signals that consumers see the utility in having a Visa card linked to an account at a crypto platform. There is value in being able to access that liquidity, to fund purchases and manage expenses, and to do so instantly and seamlessly.”

Who does the company cooperate with? The payment platform has announced that its network of crypto wallet partners has increased from 54 to 65, including Coinbase, Circle, and BlockFi. The number of merchants accepting cryptocurrency as payment has also grown to nearly 100 million.

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