Sirwin
Sirwin

Visa prepares for crypto future...


Payment giant Visa reaffirms its commitment to cryptocurrency. After partnering with Circle to integrate USDC into its payment network, the company is considering the idea of adding other cryptocurrencies, including Bitcoin (BTC).

Speaking on a conference call about Visa's financial outlook for the first quarter of 2021, company CEO Al Kelly said, “We believe the cryptocurrency market falls into two categories. First, there are cryptocurrencies which represent new assets like Bitcoin. Second, there are digital currencies or stable-coins which are directly backed by fiat currencies ”.

Visa's vision is clear. In the event that a specific cryptocurrency becomes a recognized medium of exchange and is adopted by the masses, Visa sees no reason not to add it to its payment network. After examining the integration of the USD, Circle's stable-coin and Coinbase, there's no denying that Visa is hoping to strengthen its stake in the cryptocurrency industry.

As of December 2020, Visa card issuers can integrate sending and receiving USDC payments into their services, a first step that prompts Visa to consider adding other cryptocurrencies in the near future.

Even if the stable-coins will most certainly be favored by Visa initially, its adoption of Bitcoin is quite possible. It will certainly take time to put in place, especially vis-à-vis US regulators, but Visa's objective remains the same.

Paypal, Elon Musk and now Visa ... the American giants continue to panic the web with their statements. More and more people are seeing the huge opportunity that digital currency can offer.

There is still time to invest and embark on this adventure. 

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TOMYBUILDER@
TOMYBUILDER@

I have been interested in blockchains and Bitcoin since 2016 and even mined some at the time. The ensuing bubble turned me away from it, but I've been back to it since 2017 and have been studying them with passion ever since.


Understanding Bitcoin and Cryptocurrencies
Understanding Bitcoin and Cryptocurrencies

This blog, which is not very technical and aimed mainly at newbies, is intended to increase awareness and understanding of Bitcoin and the hundreds of other cryptocurrencies in existence. It is based on a deep conviction: Bitcoin is the first global universal currency; crypto-currencies will create new value systems, transparent and decentralized (and bring to the web the monetary and financial layer that it lacked); and more generally, blockchains will establish themselves as new universal data processi

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