Bullish: Visa moves to allow payment settlements using cryptocurrency

[Poker Player]

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.

Source: https://www.reuters.com/article/crypto-currency-visa/exclusive-visa-moves-to-allow-payment-settlements-using-cryptocurrency-idUSB8N27V00M

We have seen several news of this kind lately, and I believe we will continue to see them.

[goldade]

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.

Source: https://www.reuters.com/article/crypto-currency-visa/exclusive-visa-moves-to-allow-payment-settlements-using-cryptocurrency-idUSB8N27V00M

We have seen several news of this kind lately, and I believe we will continue to see them.

There is one reply I give to everyone who doubts the tangibility of bitcoin. I let them understand how far bitcoin has come in just over a decade and how massively it is being adopted on a daily basis. I try to let them see how top companies are accepting bitcoin and cryptocurrencies' either by buying them as an investment tool by by accepting them as a means of exchange for their products and services.
I am not totally surprised by this news. I expected Visa to make this wise and smart decision and they didn't disappoint. It is only wise for them to get on the train of bitcoin before it's too late and they are left behind.
Trust me, with this development, quite a lot of other companies will follow in the footsteps of Visa and start adopting bitcoin and other crypto

[palle11]

Trust me, with this development, quite a lot of other companies will follow in the footsteps of Visa and start adopting bitcoin and other crypto

Soon it is going to be a struggling ground for payment portals and institutions are going to come in more. This is a good news for not only bitcoin hodlers but altcoins too. Who knows which coin that is going to be an institution delight from this time. There are are many more stable coins to go and other high user altcoins.

[ivankoh]

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.

Source: https://www.reuters.com/article/crypto-currency-visa/exclusive-visa-moves-to-allow-payment-settlements-using-cryptocurrency-idUSB8N27V00M

We have seen several news of this kind lately, and I believe we will continue to see them.

We deserve good news like this.  A series of start-ups starting with Tesla accepting bitcoin in their electric vehicle payments, VISA accepting USDC, maybe tomorrow or in the near future it will be Apple accepting BUSD )) Obviously the real trend  converted!  Hope that good news will continue to come, this new "Style" will simultaneously be noticed and tested by major organizations and companies in the world!

[ECOS_CloudMining]

It’s great that more and more people and companies begin to believe in the future of BTC. Some universities, for example, started accepting tuition fees in BTC. Maybe one day crypto could replace the fiat money system.

[Kong Hey Pakboy]

It’s great that more and more people and companies begin to believe in the future of BTC. Some universities, for example, started accepting tuition fees in BTC. Maybe one day crypto could replace the fiat money system.

That is a first time that I have heard of, a university that accepts bitcoin for tuition fees. Your aspiration of crypto replacing the fiat is not that near or anything like that, I mean if you know how fast the network of bitcoin is, you shouldn't be saying that thing and also, there are a lot of people that needs a lot of years to convince them to use cryptocurrency instead of fiat which is going to be replaced and not everyone is going to be in favor of the replacement too.

[Vishnu.Reang]

It would have been much better if they had accepted Bitcoin instead of these stablecoins. USDC is just fiat currency in the format of cryptocurrency. Anyway, I would regard this as a small victory for us. Hopefully, Visa will be open towards accepting other cryptocurrencies as well, in addition to stablecoins. They may be concerned about the volatility, but overall it is going to be beneficial for both the sides in case they start accepting BTC or ETH.

[jostorres]

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.