Visa to allow payments using crypto
The latest sign of growing acceptance of cryptocurrency among mainstream financial institutions is out again, VISA Inc. has officially said that it will start accepting cryptocurrency to settle payment in its network.
VISA Inc confirmed on Monday that it had launched a pilot payment program with crypto platform crypto.com and digital asset bank- Anchorage. In this pilot program, the company is using USD Coin to settle financial transactions over Ethereum Network. The company announced that it will be extending the crypto payment facility to more partners later this year.
In the year 2020–21, many large and influential corporates have started investing in Bitcoin. Mainly companies like MicroStrategy, MasterCard, and Tesla have become corporate trailblazers of cryptocurrency. Even Investment Bank like Morgan Stanley is preparing to add Bitcoin to their investment portfolio through its $150 Billion Investment Arm. And, reports by leading media houses Reuters and Forbes have presented that Goldman Sachs will be re-launching a cryptocurrency trading desk in March.
Jack Forestell, Visa’s chief product officer, said the firm’s move is in an effort to serve financial-technology companies. Forestell shared in his statement. “The announcement today marks a major milestone in our ability to address the needs of fintech.” The announcement also caused positive jumps in leading Bitcoins and Altcoins.
The possibilities for cryptocurrency are opening-up. And now more than ever more institutions and individuals are flocking to hold digital assets. Even mainstream naysayers are taking more steps to make use of cryptocurrencies for investment and payment purposes. If you have invested in cryptos keep them safe. Download XcelPay Wallet for your android and ioS devices. XcelPay Wallet is one of a kind crypto payment solution that uses biometrics to keep your secure cryptos secure. You can also create multiple wallets within XcelPay Wallet to store multiple crypto coins like Bitcoin, Ethereum, XDC, and XcelToken Plus.
If this is realistic, I think that in the near future we will have a lot of really rich people.
Of course, I am currently engaged in a slightly different study, but nevertheless it was interesting for me to read your opinion on this issue. After all, crypto is a really important part of the financial market today. By the way, the other day on the Internet I found an article about SingularityDAO Dynasets, which closed the open beta and finally everyone can try it personally. If you haven't had any experience with DeFi, then it seems to me that now is the time to try it. In any case, I am convinced of the reliability of the application's payments and am ready to cooperate further.
For a store to accept bitcoins, it needs the right payment service provider, such as a crypto payment processor. The payment provider must convert the transferred bitcoins and altcoins into euros or other fiat currencies. Preferably quickly and with minimal commissions.
Many people are now