Visa, the second largest card payment organization in the world, has plans to start working with it Exchanges And Bitcoin wallets. These were the statements of its CEO, Alfred Kelly, who indicated that the multinational company is interested in introducing its payment network to the cryptocurrency market.
Kelly was speaking at the latest visa earnings conference, which took place over a phone call. In this case, the manager described cryptocurrencies as “digital gold,” viewing them as a new type of asset that is not used as a form of payment “in a significant way”. Despite this feature, Alfred Kelly confirmed it The company wants to create its own financial solutions that can operate with this market.
“Our strategy here is to work with the governor Exchanges To allow users to purchase coins with their Visa credentials, ”the CEO said. This is the first time that the company has announced an interest in working with the cryptocurrency ecosystem, since nearly three years ago Alfred Kelly announced that the company would not address any type of Transactions based on crypto assets.
Visa now has 35 partnership agreements with dedicated platforms to exchange or deal with Bitcoin and other cryptocurrencies. As stated by its executive board. Kelly mentioned names like Crypto.com, BlockFi, Fold, and even BitPanda in the presentation, as these are some of the companies that could offer Visa services to their users in the near future.
Bitcoin is no longer looked at by the payment giant Visa
As if that wasn’t enough, the company is not closed off to the possibility that some of these cryptocurrencies, be it Bitcoin or others, will in the near future become a more used form of money exchange. In this sense, Kelly emphasized that they could add the aforementioned assets to their network, as it would be compatible with processing 160 other fiat currencies in which the multinational corporations operate.
The Visa Board also has stable currencies in its north (Stable coins) And digital currencies issued by central banks, such as the digital yuan. Based on his presentation, Kelly claims that these products have great potential for use in global trade. As a result, they are also considering business strategies to integrate the said blockchain networks into their network and work together.
This is a change in the narrative that could indicate an increasingly assured future for digital currencies in society. Likewise, these phrases can be translated as a kind of triumph for the cryptocurrency ecosystem that payment giants, including Mastercard, viewed with contempt. Namely, Bitcoin abandoned Visa last year as the largest financial entity in the world, as reported by CriptoNoticias at the time. A teacher gives a lot to talk about and think about.