Visa’s head of crypto has actually disclosed that the settlements titan has actually partnered with around 60 leading crypto platforms “to launch card programs that make it easy for consumers to convert and spend digital currency at 80 million merchant locations worldwide.” He highlighted, “We’ve built a lot of momentum in this space, and we’ll continue to support the crypto ecosystem in several ways.”
Visa Committed to Growing Crypto Ecosystem
Cuy Sheffield, Visa’s head of crypto, discussed the settlements titan’s digital property initiatives in a meeting with NDTV, released Monday.
“At Visa, the scale and scope of our work in crypto has grown dramatically,” he started. “The number of people cross-functionally at Visa working on crypto in some capacity is now in the hundreds — up from just a handful of employees. And we’ve more than doubled our number of partnerships with crypto platforms in the last 18 months — up to 60 partnerships today.” Sheffield clarified:
We’ve partnered with greater than 60 of the leading crypto platforms, like FTX, Blockfi, Crypto.com, Coinbase, as well as Binance, to launch card programs that make it simple for consumers to transform as well as spend digital currency at 80 million vendor areas worldwide.
“Crypto-linked cards make it easy for consumers to convert and spend digital currencies, without requiring coffee shops, dry cleaners, or grocery stores to directly accept crypto at the checkout,” he proceeded. “All the conversions from crypto to fiat happen instantly, behind the scenes. In-store, online, it’s as easy as a standard Visa transaction.”
The exec was asked whether Visa is intending to launch a crypto consulting solution in India. The business introduced the launch of its crypto consultatory solutions in very early December.
“Visa aims to provide our crypto advisory services to clients globally wherever there is interest, and currently, we offer services in markets where the regulations permit such transactions,” he responded.
The Visa head of crypto said:
At completion of the day, we desire to work as a bridge linking the crypto ecological community with our international network of 80 million vendor areas as well as greater than 15,000 banks.
“We’ve built a lot of momentum in this space, and we’ll continue to support the crypto ecosystem in several ways,” he ended.
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