Visa Is Planning To Enable Cryptocurrency Transactions

2021-3-18 23:27

Visa CEO Al Kelly says that the payments giant is planning to enable cryptocurrency buying and spending on its network.

Users Will Buy and Spend Crypto

Kelly stated during Fortune’s Leadership Next podcast that his firm has two strategies related to Bitcoin. First, it plans to “enable the purchase of bitcoin on Visa credentials.” That implies that retail users who use the company’s cards will be able to buy Bitcoin.

Second, Visa plans to work with Bitcoin wallets to allow BTC to be “translated into a fiat currency” and used at locations where Visa is traditionally accepted. This means that Bitcoin could be accepted at 70 million businesses that support the company’s cards.

Kelly also noted that Visa is working with about 35 different cryptocurrency projects, particularly “fiat backed” cryptocurrencies. That suggests Visa is interested in stablecoins. In fact, it is already known that it is working with Circle USD on this matter.

Kelly noted that he does not know whether cryptocurrencies will ultimately succeed or fail. Rather, he says that Visa does “not pick winners and losers” and that the company intends to get in on the trend in case crypto becomes a more popular payment method.

Mastercard, PayPal Have Competing Plans

Competing payments giant Mastercard announced similar plans in February, suggesting that it will initially support stablecoin transactions. Meanwhile, PayPal added crypto buying and selling last year and is planning to expand those features. Those competing efforts may be a catalyst for Visa’s plans.

While some see this news as a landmark for cryptocurrency adoption, others may see it as undermining the goals of Bitcoin.

Visa will likely have significant control over its cryptocurrency activity, with the ability to block users and transactions. Bitcoin, on the other hand, was designed to escape those restrictions.

Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0034358 (-100%)

cryptocurrency transactions enable planning visa

Источник: cryptobriefing.com

cryptocurrency transactions → Результатов: 126


Japanese Authorities to Implement Software to Track Cryptocurrency Transactions

Japan’s National Police Agency (NPA) has unveiled plans to implement a new software designed to track cryptocurrency transactions. Created by a secret private company, the tracking program is part of an increased national effort to prevent fraud and other criminal activity taking place in digital money markets.

2018-9-1 20:28


Фото:

XRP Network Outdoes Itself, Billions Transferred In Seconds

Blockchain ‘networks’ are built to always be improved. It’s an essential part of running a cryptocurrency project. Networks need space to grow and they need to be able to be built upon. Ripple have very recently flourished in some of the fruits of their own labour very recently, as it is becoming seemingly more apparent just how powerful the Ripple network is, in ensuring that XRP transactions can be made at super high volumes, with very low fees, in record breaking time.

2018-8-30 23:00


Фото:

Russia’s Interior Ministry Looking to Criminalize Unregistered Crypto Activity

Russia’s Ministry of Internal Affairs is considering establishing criminal liability for unregistered crypto operations. According to a report dated August 23, 2018, the head of Russia’s Main Directorate for Drug Trafficking, Andrey Khrapov, has asked the country’s legislators to require that all cryptocurrency transactions exceeding 600,000 rubles (around USD 9000) be registered with or monitored by Russian authorities.

2018-8-30 17:00


Фото:

A South African Township Is Becoming the New Gold Mine for Bitcoin

In several African nations, sending money to friends and family is difficult. Using bank accounts could be easy, but it takes days, sometimes even weeks, for transactions to clear. A new CNBC documentary is exploring the nuances of this emerging market and how exactly it is used to make the underbanked communities of the continent […] A South African Township Is Becoming the New Gold Mine for Bitcoin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-28 21:28


Фото:

India’s Apex Bank Forms New Unit to Handle Blockchain Regulations

The Reserve Bank of India (RBI) – the country’s apex bank, has set up a department tasked with monitoring developments in cryptocurrency, blockchain technology, and artificial intelligence. This move comes as commercial banks are still prohibited from facilitating cryptocurrency transactions and the Supreme court decision on the matter expected later in September 2018.

2018-8-27 19:29


Monex Executive Wants to Keep Cryptocurrency’s Future Within Japan

Oki Matsumoto Wants To Keep Financial Future Of Cryptocurrencies Within Japan Monex broke into the crypto industry fast by acquiring Coincheck, which recently was threated by a hack. Their hope is that the companies that can use various technologies would essentially develop the center of the entire financial industry, ensuring secure transactions for every entity. […]

2018-8-23 22:11


Revolut Launches Metal Debit Card with Cryptocurrency ‘Cashback’ Rewards

A new debit card payment option has become available for those interested in using cryptocurrency for daily commercial transactions, The Next Web reports. The new Revolut ‘Metal’ debit card has officially launched today and is offering cryptocurrency ‘cashback’ rewards for users spending cryptocurrency for real-world purchases.

2018-8-23 22:39


Фото:

Crypto to Soon Become an Integral Part of the Mainstream Financial Ecosystem: Monex CEO

Most of the popular cryptocurrencies in circulation today, including Bitcoin, are deemed too volatile to be used as a medium for everyday transactions. But according to Monex CEO Oki Matsumoto, it is not long before a new stable cryptocurrency will enter the market and gain widespread recognition as a credible alternative to fiat for daily […] Crypto to Soon Become an Integral Part of the Mainstream Financial Ecosystem: Monex CEO was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-23 16:05


Factors hindering the wider Adoption of Cryptocurrency

It is true that there are many advantages associated with the use of cryptocurrencies and crypto tokens over the traditional bank noted that are issued by a countries Central Bank. Some of them which includes speed of transactions, lower cost of transactions, lower documentations, comfort of transactions location, environmental protection since it is paperless and […] The post Factors hindering the wider Adoption of Cryptocurrency appeared first on ZyCrypto.

2018-8-21 10:52


Фото:

Australians Can Pay Utility Bills With Bitcoin (BTC)

Bitcoin (BTC)–In terms of adoption for cryptocurrency, being able to pay for real world goods and services with the digital currency has long been viewed as the gold standard. The bear market of 2018 has led to a shift in focus away from the fundamentals of crypto and the usability of blockchain transactions in favor […] The post Australians Can Pay Utility Bills With Bitcoin (BTC) appeared first on Ethereum World News.

2018-8-21 01:48


Crypto Traders Targeted By South African Revenue Service, Work To Track Transactions

The South African Revenue Service is currently working to improve the way it tracks cryptocurrency traders and their transactions to determine if they are paying taxes. The service’s commissioner stated that the agency is looking to explore ways to identify parties that are profiting from trading digital assets to see if they are evading taxation. […]

2018-8-20 10:15


Why is Zcash 2.0 Sapling Release Important for Private Crypto Transactions?

Privacy cryptocurrency Zcash (ZEC) announced the release of their 2. 0. 0 version on August 16th, introducing the first Sapling-compatible version of the Zcash node software.   The privacy currency also added several other notable features in the newest software update, including an important fix to the peer banning bug that came about following the previous Overwinter update.

2018-8-18 22:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto.com launching Visa card in Latin America

Crypto. com has announced the launch of its Visa card program in Latin America, bringing its popular cryptocurrency-linked rewards card to a region with growing interest in digital assets.   The Crypto.

FV Bank and Visa launch new cards to merge crypto and USD

FV Bank and Visa have partnered to introduce new debit and corporate expense cards, which were announced at Money 20/20 in Las Vegas. FV Bank’s new Visa cards let customers spend fiat and digital assets globally, marking a first in…

Visa unveils tokenized digital asset platform

Visa plans to help banks explore blockchain technology and smart contracts with fiat-backed tokens. The digital payments giant has unveiled a tokenization platform for this – called Visa Tokenized Asset Platform (VTAP).

Ether.fi partners Scroll to unveil new Visa ‘Cash’ card

Liquid restaking platform Ether.fi has announced a partnership with native zero-knowledge layer 2 Scroll to launch a new Visa-enabled credit card and wallet app. The ether.fi (ETHFI) team revealed the collaboration in a post on X on Sept. 9. Per…