Circle CEO Jeremy Allaire Praises Visa’s Latest Move For Crypto Mass Adoption

The mass adoption of cryptos has been one of the main goals of the crypto space, and there have been a lot of moves made that support the mainstream adoption of digital assets.

These continue, and earlier today, we revealed that Visa threw an important announcement regarding the mass adoption of crypto, USDC and Ethereum.

Now, Circle CEO Jeremy Allaire is praising Visa’s move via Twitter. Check out his tweets below.

He also said that: ” With USDC being the fastest growing dollar digital currency in the world, connecting its use to existing global networks will accelerate its adoption as both a store of value and medium of exchange. Crypto dollars FTW!”

Allaire continued and said: “What does this really mean? A customer who has USDC in a wallet, and a card attached to their wallet (there are now dozens of these) can spend at any Visa accepting merchant, and the USDC is used to settle the transaction with Visa instead of the legacy banking system.”

He also noted: “For Visa, this means they get the money as fast as a blockchain moves funds, without reversal risk, without the time delays and costs of SWIFT, ACH, etc. Huge!”

An open Internet of value

He also made sure to congratulate the team behind Visa:

Stay tuned for more exciting news from the crypto space.

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