Visa continues to master cryptocurrencies
One of the largest providers of payment systems, Visa, presented a new strategy for mastering the Blockchain and digital space. The representatives of the company really intend to actively develop in this promising direction. And that is why a separate program was developed to conquer the cryptoindustry. Below we will tell you everything that is known about the future plans of the organization. So, without further ado, let’s get started.
What is known at the moment?
First, let’s outline the key messages voiced by the organization. The firm’s chief executive, Alfred Kelly, said his company is well aware of the many-sided nature of payments. According to the head of the enterprise, Visa simply cannot ignore the growing popularity of Blockchain and leading cryptocurrencies. More and more users are learning about the digital economy and more and more enterprising Visa clients want to use the familiar functionality in such a new area. That is why at the moment the company has two main tasks. The first is to implement full access to digital assets. The firm intends to connect cryptocurrencies to its own payment system. True, a specific list of coins has not yet been specified. However, it is clear that the firm will initially focus on advanced and popular assets.
Then, after producing a fully functional wallet, the company should focus on launching a payment system. It is planned to connect such functionality that will allow the coins to be used in any of the 70 million places where Visa is accepted. It is noteworthy that the head of the company sees in the blockchain not just a commercial interest, but a real prospect. According to him, the future belongs to cryptocurrencies. Especially in actively developing countries. At the moment, the firm is establishing partnerships with many companies directly related to the Blockchain. And, as the head of the organization says, more than 35 partnerships have already been concluded. In the future – the creation of a special card for cryptocurrencies and the use of digital assets on a par with classic currencies.
How will actions of Visa affect the industry?
We all know Visa is a respected company. Its services are used by millions of clients from all over the world. The firm is distinguished by its unconditional authority, which makes it listen to the opinions and actions of the organization. And if Visa recognizes and begins to develop digital assets, it is likely that soon we will hear about the crypto industry in a completely different light. We have no doubt that many financial institutions also recognize the merits of Blockchain. This is an unconditional breakthrough for the industry, which will allow us to use our favorite cryptocurrencies more conveniently and faster. True, so far, the connection of digital currencies is considered only with the need to convert digital assets into classic currencies. But this is temporary.
The main thing is to wait a little. At this stage, it is imperative to support Visa’s endeavors and show interest in development. The community must show that the organization’s actions are perceived in a positive way. Only this approach will allow us to more quickly enjoy Visa’s full participation in the digital economy. In the meantime, it remains only to follow the news of the cryptoindustry. To stay up to date with the latest developments in the world of Blockchain and digital currencies, follow the latest events with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!