Why VISA Thinks Bitcoin Has Potential In Cross-Border Transactions

Why VISA Thinks Bitcoin Has Potential In Cross-Border Transactions


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 BTC and digital assets. Kelly said he views this cryptocurrency as a “digital gold” due to the fact that people “hold” on to it.

In the crypto industry, Visa will focus on 5 areas. The first is to allow consumers to purchase Bitcoin and other cryptocurrencies. The executive said Visa is working with exchange platforms and wallets to enable this feature. Kelly added:

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I would say that this is a space that we are leaning into in a very, very big way and I think are extremely well-positioned.

Later, the payments giant is working on allowing customers to use a crypto cash-outs service. Thus,

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