The head of crypto at Visa revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch card programs that make it easier for consumers to transfer and spend digital currency at 80 million merchant locations worldwide.” He emphasized, “We have built a lot of momentum in this space, and we will continue to support the crypto ecosystem in many ways.”
Visa is committed to developing the crypto system
Coy Sheffield, head of crypto at Visa, spoke about the digital asset giant’s efforts to pay in an interview with NDTV, published Monday.
“At Visa, the size and scope of our crypto business has grown exponentially,” he began. “The number of people working in multiple jobs at Visa who work on crypto in some capacity is now in the hundreds – from just a handful of employees. We have more than doubled the number of our partnerships with crypto platforms in the past 18 months – to 60 today.” Sheffield explained:
We’ve partnered with more than 60 leading crypto platforms, such as FTX, Blockfi, Crypto.com, Coinbase, and Binance, to launch card programs that make it easier for consumers to convert and spend cryptocurrency at 80 million merchant locations around the world.
“Crypto-linked cards make it easy for consumers to convert and spend digital currencies, without requiring coffee shops, dry cleaners, or grocery stores to accept crypto directly at checkout,” he continued. “All crypto-to-crypto transfers happen instantly, behind the scenes. In-store, online, it’s as easy as a standard Visa transaction.”
The executive was asked if Visa plans to launch a cryptocurrency advisory service in India. The company announced the launch of its crypto advisory services in early December.
He replied, “Visa aims to provide our cryptocurrency advisory services globally wherever there is interest, and we currently provide services in markets where regulations allow such transactions.”
Visa’s head of crypto opened:
At the end of the day, we want to be a bridge connecting the crypto ecosystem to our global network of 80 million commercial websites and over 15,000 financial institutions.
“We have built a lot of momentum in this space, and we will continue to support the cryptocurrency ecosystem in a number of ways,” he concluded.
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