Visa Wants to Collaborate With Exchanges On Handling Crypto

The Chief Executive Officer of payments large Visa has actually mentioned that the company wishes to “deal with wallets and exchanges” on dealing with crypto, in order to make its very own card remedies interoperable with electronic symbols– and also has actually called bitcoin (BTC) and also various other “cryptocurrencies” “electronic gold.”

The statements were made by Visa supremo Alfred Kelly in an incomes phone call the other day. Throughout his talk, Kelly invested a considerable quantity of time talking about crypto. After setting apart a divide in between “cryptocurrencies that stand for brand-new possessions such as bitcoin” as well as “electronic money as well as stable coins” backed by fiat holdings, he mentioned:

“For […] stablecoins and central bank digital currencies, these are an emerging payments innovation that could have the potential to be used for global commerce, much like any other fiat currency. We think of digital currencies running on public blockchains as additional networks […] we see them as part of our network of networks strategy. […] We are the clear leader in this space.”

Kelly was additionally eager to mention that it currently has 35 collaboration handle area with what he called “leading electronic money systems and also wallets,” with name-checks for Crypto.com, BlockFi, Layer and also BitPanda, and also aspired to include,

“The next leading network has a fraction of that.”

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