Visa reaffirms commitment to crypto payments & fiat on-ramps
The payments giant is bullish on stablecoins, but may be overlooking the potential of DeFi During the Visa Q1 earnings call on Thursday, chairman and CEO Al Kelly devoted a portion of his comments to reaffirming the financial giant’s commitment to crypto payments and onramps, as well as explaining “how Visa thinks about crypto in general and our approach.”The financial services firm with over $72 billion in assets as of 2019 has been aggressively pursing crypto payments as of late, including by way of partnerships enabling crypto debit cards, and investing Zap, a crypto payments startup.....
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Cryptocurrency exchange platform and card issuer Crypto.com has partnered with Visa and plans to debut fiat lending. Crypto.com is now the latest cryptocurrency exchange and payment service to join the Visa network.According to a press statement issued on Wednesday, Crypto.com has inked a global partnership with the credit/debit card payment giant which includes becoming a principal member of Visa’s network in Australia.As part of the press release, Crypto.com revealed that the collaboration with Visa was in line with the company’s efforts to expand the reach of its crypto Visa....
PRESS RELEASE. Palo Alto, USA, March 2022 – Vechain (VET), the leading layer-1 smart contract platform has announced it is adding Alchemy Pay’s (ACH) mainstream-friendly fiat payment channels and crypto on-ramps to its network. Alchemy Pay is a specialist in providing practical payment solutions that connect up fiat and crypto economies. Its crypto acceptance payment system for online and offline businesses with 2 million+ merchants in over 70 countries worldwide now supports VeChain’s VET token for payments. VeChain’s CEO, Sunny Lu, said of the integration,....
Polygon, an Ethereum scaling platform onboarding millions to Web3, has announced the addition of convenient and flexible fiat payment onramps for the Polygon Network, thanks to a new partnership with Alchemy Pay.
Alchemy Pay will create a bridge between fiat and crypto payments by embedding into the Polygon Network, enabling any Polygon-based protocol to set up a fiat on-ramp. The new capability is expected to propel the next phase of growth for Polygon’s DeFi ecosystem.
More than 4,000 hosted applications within Polygon’s DeFi ecosystem will now be....
PRESS RELEASE. Avalanche has announced the integration of flexible fiat payment on-ramps on their network, thanks to a new integration with Alchemy Pay. Alchemy Pay is a payment solution that bridges fiat and crypto economies and it will now offer support for Avalanche’s public blockchain’s native token AVAX for payments. Avalanche also announced they will be joining Alchemy Pay as a founding member of the Blockchain Infrastructure Alliance.
Avalanche is a layer-1 blockchain that aims to digitise the world’s assets on what is currently the fastest smart....
London-based crypto-payments platform Wirex can now issue Visa accounts and process transactions autonomously, as the firm became a principal member of the payments giant. Crypto Payments Platform Wirex Gets Principal Membership From Visa to Issue Cards Autonomously According to the announcement, Wirex has been added to the European network of Visa as a member after long-lasting cooperation, whose customer base has over 3 million in the APAC and EEA countries. The company enables its users to transfer crypto and fiat currencies globally through the platform. With the membership, Wirex....