This does not stop, gradually we see, and we will continue to see: 1) companies that buy bitcoin 2) companies that allow payment with bitcoin and cryptos in some way (even if it is with automatic conversion to fiat).
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
Visa has launched the pilot program with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year, it said.
The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly to the U.S. dollar.
Visa’s move comes as major finance firms including BNY Mellon, BlackRock Inc and Mastercard Inc have embraced some digital coins, sparking predictions that cryptocurrencies will become a regular part of investment portfolios.
Interesting that they preferred USDC and not created their own, they were very well capable of creating their own and also make a lot of money from that, obviously SEC would have to investigate it a lot, just like they did to USDT and just like they are doing to XRP as well, but if they did everything right and registered and basically worked perfectly, that means they could make it work.
Also why USDC? Is there any difference with others? Don't think that I am supporting any other coin neither, I just think that stable coins owned by a corporation do not mean anything to me, something decentralized or at least something they created themselves would have made a bit more difference. In any case I think it is quite nice to see these kinds of things unraveling before our eyes, bitcoin was a "drug money" for many people just few years ago, now it is a legit asset.