The mass adoption of digital assets has been one of the main goals that the crypto industry has set. There have been a lot of moves made in this direction and they seem to continue.
The latest one is made by Visa and you can check out the payments giant announcement below.
According to the online publication the Daily Hodl, Visa is reportedly partnering with a growing number of crypto platforms. This is happening while consumers embrace payments using crypto.
Visa’s head of crypto Cuy Sheffield explained recently that the world’s largest payment processor has more than doubled the number of its crypto partners in the past 18 months.
“At Visa, the scale and scope of our work in crypto has grown dramatically. The number of people cross-functionally at Visa working on crypto in some capacity is now in the hundreds – up from just a handful of employees…”
Visa continued and said:
“Over the last few years, we’ve also seen our clients’ outlook on crypto evolve, from skepticism to awareness, to an understanding that crypto will likely impact their existing business in some way.”
Visa teams up with more than 60 crypto platforms
According to the same reports, it seems that Visa has joined forces with over 60 crypto platforms, including industry giants FTX, BlockFi, Crypto.com, Coinbase, and Binance.
This move will enable consumers to convert and use digital assets to pay for goods and services with ease.
“Crypto-linked cards make it easy for consumers to convert and spend digital currencies, without requiring coffee shops, dry cleaners, or grocery stores to directly accept crypto at the checkout.”
The notes continue and say:
“All the conversions from crypto to fiat happen instantly, behind the scenes. In-store, online, it’s as easy as a standard Visa transaction. Consumers that want to use crypto have the opportunity to convert and spend their digital currency while going about their everyday activities.”
Stay tuned for more crypto-related news and make sure to keep your eyes on the crypto market.