Visa is part of the partnerships with over 65 crypto platforms-use of crypto-bound cards increases despite price volatility-featured
Visa is part of the partnerships with over 65 crypto platforms-use of crypto-bound cards increases despite price volatility-featured
Visa has now teamed up with more than 65 crypto platforms and exchanges. In addition, the payment giant announced that the use of crypto-bound maps in the first business quarter exceeded $ 2.5 billion "which already makes 70 % of the payment volume for the entire 2021.
VISA Inc. discussed his crypto strategy and successes during the company's conference call on Thursday. Al Kelly, CEO of Visa, said: "Many current payment trends, including ... crypto and wallets, enable new payment options. These are opportunities for visas." In terms of the efforts of his company in the crypto room, the executive emphasized: We also provide entry-level ramps for crypto players who connect to Fiat economies. There are over 65 crypto platforms and exchanges that have come together to exhibit visa registration information. recently Bitcoin.com News Can spend cryptocurrencies in 80 million dealers with crypto-linked visa cards. However, CEO Kelly said during the call that the actual number was "closer to 100 dealers". The Visa boss also revealed: "In this quarter, Visa accounts and crypto money exchanges had a payment volume of more than 2.5 billion US dollars, which already corresponds to 70 % of the payment volume for the entire 2021."
In July, Visa announced that the use of crypto-bound maps reached $ 1 billion in the first six months of 2021. In addition, the Visa CEO stated: "In addition to embedding login information and cryptoplate forms, we continue to work on innovations related to our billing and crypto-API functions", and explained: We will continue to lean into the crypto room. And our strategy is to be an important partner who offers the connectivity, scalability, promise of value for consumers, reliability and security that are required for the growth of crypto offers. Kelly also mentioned the recently introduced "specialized global advisory practice" of his company for cryptocurrency. Meanwhile, Visa currently has no plans to keep crypto in his balance sheet. Vasant Prabhu, CFO from Visa, said on Friday in an interview with CNBC: We saw that this payment volume continues to grow on the cryptoma markets despite the volatility. What do you think about the efforts of Visa in the crypto area? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, Wikicommons Visa outlines crypto strategy and success
