Visa: Views Bitcoin As Digital Gold
So now Visa is saying they view Bitcoin as digital gold and are looking to devle deep into Bitcoin and cryptocurrency
During the call, Kelly went into great detail regarding the types of initiatives Visa would look into in terms of integrating cryptocurrencies into their infrastructure.
Potential plans include enabling direct cryptocurrency purchases on all Visa cards worldwide, cryptocurrency conversion systems at Visa merchant checkpoints, and allowing financial institutions to settle cryptocurrency transactions with stablecoins like USDC.
It’s a massive leap forward in terms of both legitimizing Bitcoin and the cryptocurrency space, as well as integrating it in a meaningful way into systems that most consumers use every single day. If done right, it could enable cryptocurrency lovers to instantly transact using their holdings across millions of merchants.
More interestingly, opening the floodgates by enabling direct crypto purchases on all 2.5 billion Visa cards would be a game-changer since it would make purchasing Bitcoin and other crypto assets far easier than ever before. This will doubtless create a massive boost in demand for popular cryptocurrencies in the mid- to long-term.