[Blockchain Today Reporter Park Yohan] Card industry giant Visa Card will add a payment function through cryptocurrency. This opens the way for cryptocurrency to be used in the same way as traditional currency.
“We will make cryptocurrencies safe, useful, ubiquitous, and include cryptocurrencies in corporate payment networks,” said Al Kelly, CEO of Visa Card, in a fiscal report for the first quarter of 2021. Announced. In addition, he explained that cryptocurrencies such as bitcoin are called “gold in the digital world,” but are not currently used as payment methods.
According to Kelly, Visa card users can now purchase cryptocurrencies through Visa, and they can also use cryptocurrency to use the services of 70 million Visa merchants around the world.
“We are now able to use stablecoins in global commerce, and digital currencies are running on public blockchains such as RTP and ACH networks,” said the Director of Payments.
“Crypto.com, BlockFi, Fold, BitPanda, and other 35 leading platforms in the current digital currency sector have chosen Visa,” said Kelly. “It’s an acknowledgment,” he said. “I don’t think I need to say that digital currency will become a recognized payment method. Visa currently supports over 160 currencies, and in that sense, cryptocurrency is included in the Visa network. There is no reason not to do it.”
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