Visa has more than 60 partnerships with cryptocurrency companies
Such collaborations will simplify the use of digital assets to pay for goods and services
30.12.2021 - 11:30
282
1 min
0
What’s new? Visa's head of crypto, Cuy Sheffield, gave an interview to NDTV in which he said that the company has doubled the number of its digital asset partners in the past 18 months. Visa now partners with more than 60 cryptocurrency platforms, including giants such as FTX, BlockFi, Crypto.com, Coinbase, and Binance.
What advantages of Visa did Sheffield talk about? The cryptocurrency cards allow users to make any purchases and transactions quickly. During the payment, the cryptocurrency is “behind the scenes” converted into fiat money, essentially creating a standard transaction. Sheffield stressed that the company “serves as a bridge” connecting the cryptocurrency industry to its global network.
What else did the Visa representative say? Sheffield claimed that the number of the company’s employees working on cryptocurrency is now in the hundreds, instead of the one small department it used to be.
“Over the last few years, we have also seen our clients' outlook on crypto evolve, from skepticism to awareness, to an understanding that crypto will likely impact their existing business in some way.”
Useful material?
Market
Analysts note that from 2024 to 2030, tokens worth $155 billion will be unlocked
May 17, 2024
Technologies
The new mechanism has already made it possible to calculate over tens of millions of fraudulent addresses
May 16, 2024
Incidents
The amount of damage amounted to $25 million in cryptocurrencies
May 16, 2024
Market
FTX customers will be compensated in cash, unlike Mt. Gox and Gemini customers who will receive cryptocurrencies
May 16, 2024
Technologies
It is available to crypto wallet users worldwide as an additional feature
May 15, 2024
Market
The ex-official known for his initiatives to explore the potential of blockchain in the financial system has joined the board of directors of a fintech company
May 14, 2024