Visa to Accept Cryptocurrencies for Payment Settlements
According to Reuters, Visa announced today that it will begin accepting cryptocurrency USD Coin (USDC) to settle transactions on its payment network. The move by the fintech giant coincides with the growing institutional acceptance of digital currencies. The company has launched a pilot payment program with Crypto.com, and plans to roll out its services to various partners later this year. Visa’s recent move is to no surprise, as rival merchants such as MasterCard began to […]
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Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive.
Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year
Visa published a study on digital payments Wednesday. It was conducted by Wakefield Research in December 2021 and included a survey of 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland,....
The payment company giant Visa Inc just surveyed 2,250 small businesses from nine countries to understand if merchants are planning to adopt crypto to receive payments. Results show that over 25% of them want to start doing so this year. Reuters reported that Visa expects many retail businesses to join the crypto boom starting this year. The payment company has been long involved in the cryptocurrency industry and is interested in its mainstream acceptance as an opportunity to grow its own line of products and services. Visa currently offers cryptocurrency-linked cards for consumers to....
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network. A lot Has Changed Since Dee Hock founded Visa Visa has announced cryptocurrency integration with its settlement platform on March 29. The company said a lot has changed since Dee Hock founded Visa, and nowadays Visa must “accommodate new form factors for money.” BREAKING: Visa has....
Payments giant Visa has been expanding its involvement with Bitcoin and cryptocurrencies. Per their Q2, 2021, Earnings Call, the company has a long roadmap and many plans to integrate these assets into its payment network. Al Kelly, Chairman, and CEO at Visa talked about the “opportunities” the company is and would like to explore with […]
For the time being, it appears as if Visa prefers the money over their customers, which is not a positive sign for the future. Despite the convenience factor associated with credit and debit card payments, there are a lot of drawbacks as well. Despite introducing new security measures to reduce fraudulent payments, Visa forces retailers to swipe cards as well, which are far more prone to fraud. Does Visa Even Care About Its Customers? There are several ways for retailers and merchants to accept credit card payments, as payment terminals have evolved throughout the years. Adding new layers....