general

After Visa’s partnership with cryptocurrency platforms…the use of cards linked to cryptocurrency has increased

After Visa’s partnership with cryptocurrency platforms…the use of cards linked to cryptocurrency has increased

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer After Visa’s partnership with cryptocurrency platforms…the use of cards linked to cryptocurrency has increased

Visa has previously partnered with more than 65 crypto platforms.

Payments giant Visa revealed that crypto-linked card usage exceeded $2.5 billion in the first fiscal quarter.

Which is already 70% of the volume of payments in fiscal year 2021.

Visa defines its strategy towards the crypto market:

Visa discussed its cryptocurrency strategy and achievements during the release of the company’s earnings data on Thursday.

The CEO of Visa said:

There are many current trends in payments, including…crypto and digital wallets which are new ways to pay.

This presents opportunities for Visa.

Read:After a 9-month pursuit… the founder of the Kashh Coin scam has been arrested

Regarding Visa’s efforts in the crypto field, the CEO said:

We provide platforms for cryptocurrency operators that establish a connection to monetary economies.

There are over 65 crypto exchanges that have partnered to issue Visa credentials.

We previously mentioned in Bitcoin Arab that consumers will be able to spend cryptocurrencies at 80 million merchants using “Visa” cards linked to crypto.

The Visa chief also revealed:

This quarter, the volume of payments for Visa credentials and cryptocurrency wallets was more than $2.5 billion, which is already 70% of the volume of payments for the whole of fiscal year 2021.

In July, Visa said that crypto-related card usage reached $1 billion for the first six months of 2021.

The CEO of “Visa” went in detail with the following:

In addition to including credentials and crypto platforms, we continue to innovate around our crypto and settlement API capabilities.

We will continue to rely on the crypto space.

Our strategy is to be key partners to provide the connectivity, scale, consumer value propositions, reliability, and security needed to grow our crypto offering.

Read:Elon Musk Declares: Bitcoin Is About To Gain Wide Acceptance

The CEO also noted:

We are developing a professional global consulting practice.

Meanwhile, Visa currently has no plans to hold cryptocurrencies on its balance sheet.

Read also:

Painful Love…The Story of Someone Losing $200,000 in a Crypto Romance Scam

Ethereum “Shanghai” upgrade begins…Learn what features this upgrade entails


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Report: Fraudsters laundered $8.6 billion worth of cryptocurrency in 2021
Next post
Painful Love…The Story of Someone Losing $200,000 in a Crypto Romance Scam