Visa to embrace crypto by launching a pilot program on crypto payments

[Lorence.xD]

Something weird is happening in the world of global finance,since corporations like PayPal and VISA became suddenly interested into adopting cryptocurrency payments.I wonder what's the main reason for this.This couldn't be marketing only.The crypto community is still relatively small and few hundred thousand new customers aren't such a big deal for major corporations like VISA.
Anyways,if VISA is going to embrace only stablecoins,then this is a pseudo crypto adoption.I guess that having Bitcoin settlements will be a little bit harder to implement,since Bitcoin is very volatile.

Maybe they just want to adapt so their businesses can survive, I mean that is the only way for a business or a company to stay relevant in this fast paced world, every trend should be ridden upon and if crypto is the trend then they better get in on it because people that are acknowledging bitcoin is slowly growing and companies wants those people to notice them.

[1715671281]

1715671281

[1715671281]

1715671281

[1715671281]

1715671281

[1715671281]

1715671281

[1715671281]

1715671281

[KryptoKings]

Here's some positive news.
 
Visa enlists onto the crypto supporter group by allowing payment settlements using cryptocurrency.

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

While this is a pilot study, it seems that Elon's influence as well as other major finance firms like BlackRock Inc and Mastercard Inc is really making an impact.

I wonder which major firm/company will be next to realise the power of crypto  

Gone are the days when crypto was considered untouchable and even blockchain was not accepted.
Now many major business companies are not only adopting crypto and blockchain but they are heavily investing in them too.
Some of the major names that have already into blockchain/crypto are :
De Beers
Foxconn
Amazon
Baidu
BMW
Broadridge
These are only few names, you can find full list here https://www.forbes.com/sites/michaeldelcastillo/2020/02/19/blockchain-50/?sh=5549332c7553

[DarkDays]

Here's some positive news.
 
Visa enlists onto the crypto supporter group by allowing payment settlements using cryptocurrency.



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

While this is a pilot study, it seems that Elon's influence as well as other major finance firms like BlackRock Inc and Mastercard Inc is really making an impact.

I wonder which major firm/company will be next to realise the power of crypto  

Glad to see Visa finally following suit with Mastercard. Although it's still a pilot program, they said that they're looking to aboard more partners in the near future and maybe we could see some more support as well because they only support USDC crypto transactions at the moment. Let's hope they'll add Bitcoin to the list anytime soon.  Now that PayPal, Mastercard and Visa are rolling out support for crypto, it shouldn't take long for other major and minor financial firms will follow suit so let's just keep our fingers crossed. There's more coming, I'm sure.

I agree. There are a few big financial players making a move into the crypto space, regardless of how skeptic they might be, they don't want to miss out. And this is great as it adds traction and more credibility, laying the ground for others to join and continue with this rally.

I can only say that the crypto space will take over the financial institutions as we know it today, slowly but surely

There's another news outlet following up from this and that is 'PayPal to launch crypto checkout service'. Source: https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD

Again, if people still believe that VISA's move is not enough to encourage organic growth in the space of crypto here's PayPal trying to get onto that crypto finance...

Enjoy the read  

[Yatsan]

I have saw some articles about that recently upon scrolling on the internet about news and even on the internet being shared by some of my friends and for me that is indeed impressive that Bitcoin adaption is continuously moving along side although it is still a pilot program with regards to crypto payments, still Visa is now looking forward to participate in the trend and this will give us a lot more hope for a better future of mass adaption using crypto as a payment option. It is really great how popular people and big institutions are showing interest with regards to cryptocurrencies and thay is very impressive for the reason that they are now realizing and recognizing the worth and importance of cryptocurrencies.

[Kakmakr]

They actually found a nice loophole in the system with the acceptance of USDC ...because you are still converting Fiat currency to USDC and you are not messing with the US Dollar. 

Yes, this is a gateway introduction for people into Crypto currencies... but StableCoins are not the same. A true Crypto currency does not in my opinion, rely on the US Dollar to determine it's value... it should purely be based on Supply and Demand. 

Still some positive news and it will have a indirect influence on the Bitcoin price.

[aysg76]

Here's some positive news.
 
Visa enlists onto the crypto supporter group by allowing payment settlements using cryptocurrency.

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

While this is a pilot study, it seems that Elon's influence as well as other major finance firms like BlackRock Inc and Mastercard Inc is really making an impact.

I wonder which major firm/company will be next to realise the power of crypto  

They are currently testing this as they have just launched the pilot program partnering with crypto.com to settle crypto transactions.They have just embraced USDC which is stable coin pegged to US dollar directly which is somehow making it more centralized move ahead of visa transactions.They will be using Ethereum blockchain to settle digital coins transaction into traditional money with its merchants.They will incurr high fees which is another bad move on their part but still they are using this following the other competitors like MasterCard and BNY Mellon but soon they will realise they have to add decentralised finance options like bitcoin into their system.

[lifeforcepools]

Will MasterCard somehow react to this?

[Bilgent]

It is really great seeing some companies changing their minds about Bitcoin. VISA is one of them which was totally against Bitcoin before. In time, I believe the number of institutions, companies etc. that embrace BTC will increase and it will help Bitcoin adoption grow also.