Author Amy Liu
Visa CEO Alfred Kelly is considering the direction of Bitcoin development in the coming months.
There is no doubt that Bitcoin has performed strongly in the past year. Kelly believes that the world is likely to gradually transition to digital payments, and Bitcoin and altcoins will have more room for growth and adoption.
In a recent interview, he stated:
“We operate in 230 countries and regions and hope to win as many transactions as possible.”
He also pointed out that many new companies have sprung up everywhere. These companies aim to act as intermediaries between payment companies and customers, ensuring that digital payments can be made more easily.
One of them is called Plaid, which is currently used by approximately 11,000 financial companies and nearly 3,000 financial technology developers. The company is committed to mobile data, working with Visa, which specializes in money transfers.
Kelly commented:
“Plaid is just the simplest network. We think it meets our desire to have multiple networks on which we can transmit information and funds to all parts of the world.”
Plaid is not the only company operating in this way. Another company called Finicity attracted the attention of Visa’s competitor, Mastercard. Executives earlier this year announced plans to acquire the company for approximately $1 billion.
Lex Sokolin, a fintech expert and co-head of global fintech at Consensys, explained:
“As a payment track, the company must be connected to every available market and business place. As the government pays more and more attention to the legality of digital assets and practical economic means, it is becoming more and more effective to connect encrypted currency to the card network. Strategic significance. Companies like PayPal are supporting the purchase of Bitcoin, and Square is using Bitcoin as an inventory asset. The OCC claims that Bank of America can also custody crypto assets.”
Interestingly, about two years ago, Kelly mentioned that the only way for Visa to get involved in encryption was to make it a store of value.
This year is the year when Bitcoin has truly established its position. Although it faces a severe economic environment, it eventually rose to an unprecedented level.
