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Author Topic: Visa is getting more interested in Crypto  (Read 1040 times)
Sirait (OP)
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November 30, 2020, 06:27:53 AM
 #1

^ I don't know if it's connected, it seems that Paypal accepting crypto is already having an effect on other big companies. mass adoption is getting in our sight, tighten your belt we will see the big bull run soon.


https://www.cryptoglobe.com/latest/2020/11/paypal-ceo-alfred-kelly-we-are-very-interested-in-cryptocurrencies/
https://www.forbes.com/sites/billybambrough/2020/07/24/visa-mastercard-and-paypal-are-changing-their-tune-on-bitcoin-and-crypto/?sh=64604de32a1a
https://cointelegraph.com/news/mastercard-and-visa-are-making-bold-moves-toward-mass-crypto-adoption





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November 30, 2020, 06:42:18 AM
 #2

I hope that it's something more than Visa's decision to follow PayPal footsteps. The mass adoption is underway, but for most people crypto is a good investment tool only.
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November 30, 2020, 06:52:35 AM
 #3

This is what I keep saying about paypal adoption and its effect to our crypto market. If paypal succesfully adopt crypto then other large company will follow and it's only matter of time until there's many integration to these traditional finance institution.
Although there's already so many services like debit card that uses Visa but if crypto could be accepted to many banks it will be even better. Just imagine when crypto reaches every corner of the world that's only possible if crypto considered as legitimate.

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November 30, 2020, 07:08:18 AM
 #4

Of course, the news of the mass adoption of cryptocurrencies is very happy for crypto fans, but I would like to say if Visa will accept bitcoin and cryptocurrencies in the same way as Paypal, then we are in front of a really big problem. We heard a day ago how Paypal has seized the money of one of its users because he did a lot of activity in his account During the buying and selling of cryptocurrencies.
The mass adoption of cryptocurrencies should be like they are with all their features - without restrictions- especially decentralization and privacy, otherwise this mass adoption is not welcome and will never be in the interest of cryptocurrencies.

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November 30, 2020, 08:12:30 AM
 #5

Paypal really has a smart strategy as the cheapest Bitcoin exchange service platform in the US.  In the Crypto market, most projects and businesses have offices in the US and Wall Street, which has resulted in hundreds of millions of dollars in volume in Paypal.  This service makes Bitcoin more known to Americans, and surely our crypto market will have a large amount of money poured into.
This time the bull run will not only take place in Q4 of 2020 but it may last until the end of 2021. So this is a very good time for us to buy more Bitcoin and top altcoins to hold in the long term.  Wink
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November 30, 2020, 10:18:23 AM
 #6

Obviously PayPal was the first mainstream payment processor to break the glass ceiling, by integrating Bitcoin to their platform. This has given confidence to the other payment processor such as Visa and Master, to do the same with their platforms. This is excellent news for the adoption and acceptance of cryptocurrency. In the next 2-3 years, I won't be surprised if the user base jumps by 5x or 10x. 
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November 30, 2020, 10:22:21 AM
 #7

those news are connected. The involvement of VISA and Mastercard in the cryptocurrency will being a very big adoption. I guess the paypal news has been creating a big change to the perspective by all of big companies to the crypto. It seems like those news were legit news and i could say we will see a very big adoption will happen very soon.

Crypto is getting even bigger very soon. VISA and MC have been aiming crypto even before paypal announced its crypto adoption.

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November 30, 2020, 10:44:53 AM
 #8

The thing with technology advancements is that once one company starts everyone has to follow, even if you don't believe in it 100%. The risk of missing out on a big trend is just too big. In my opinion its a good thing because I am fully convinced of Bitcoin's. Building up an infrastructure to manage cryptocurrency is just logical. And once visa did it, mastercard has to follow.
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November 30, 2020, 10:46:33 AM
 #9

After PayPal, that gave a go signal for other payment processors. And now, Alfred Kelly the CEO of Visa has also saying good things about bitcoin and that's a good sign.

On cnbc's article, he's acknowledging the feature and attributes of bitcoin, cryptocurrencies. There's already a sign from his words that they'll connect soon.

CNBC: With bitcoin near all-time high, this is where Visa’s CEO sees crypto going

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November 30, 2020, 11:20:27 AM
 #10

If Visa has started the use of bitcoin, this is the outcome to PayPal adoption earlier. We are going to have bigger adoption that will surprise the hodlers. There are many more awaiting and 2021 will give more opening to bull when other payment system join the adoption.

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November 30, 2020, 11:55:43 AM
 #11

Visa will rather implement some blockchain tech in their own soft than will use exsistent cryptocurrency

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November 30, 2020, 06:55:44 PM
 #12

Indirectly Visa is involved in BTC if you look at some of these Crypto card provider out there some of them are Visa card. I think for some of these companies they have started realizing that they have nothing to lose getting involved in Crypto because the reward to risk ratio is very high

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November 30, 2020, 07:17:08 PM
 #13

The adoption is getting more traction as more companies began to roll out cryptocurrency services, this is good for long run and healthy growth accumulation. Who knows banks will start rolling out the same services by providing such options for its customers? The growth and rally will be massive.
Libra is coming by 2021 if regulation bodies don't bring up another unnecessary law, PayPal is along the way, I believe cryptocurrency dominance may exceed 1 Trillion if the adoption continues at this sequence  Cool Cool
Hope whales don't moves their bags to exchange for sell off, the last week was bad. Market plummet with a - 10% loss.

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November 30, 2020, 08:08:57 PM
 #14

We have seen this coming a long time ago.

My only concern is that these companies are most likely not into BTC for the long run - they seem to be taking advantage of a fad that exists as a result of a bullish resurgence and market rally in 2020 and beyond. If markets crash, you'll see a lot of these firms withdrawing their interest altogether.

Now that's not necessarily bad, but I don't think it necessarily construes actual adoption. Actual adoption would entail offering a permanent line of business involving BTC transactions or integrating BTC into a diversified portfolio, which no mainstream firms have done thus far.
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November 30, 2020, 08:34:11 PM
 #15

I have seen this information, it is obvious that this is great for the crypto industry as a whole, and will attract a large infusion of money to the crypto market. It will also increase the number of users of the crypto industry, which may extend the growth of the price of the cryptocurrency market to 2021. We may soon see new price records.
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November 30, 2020, 09:48:50 PM
 #16

Large scale industries are getting much interested over the bitcoin. Everytime the bull run is kept alive by some big news floating around. This time it's the participation of large scale firms into bitcoin acquiring. If I'm not wrong, it started with MicroStrategy making a big buy. Already we've got some service providers that've developed bitcoin ATM. Visa being a leader in the transaction support on fiat through cards getting interested in crypto will widen the market.

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erikoy
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November 30, 2020, 10:03:03 PM
 #17

Well, cryptocurrency grows so fast and this has been observed by other companies and wishing to get sales from these events. Since there is a huge money flows in cryptocurrency, a business minded individuals or owners of a certain certainly should decide whether to adapt on it or not to make more sales also in their business. Hence, joining cryptocurrency integrating it to their business is jot really a bad idea and  I see more and more companies will.be joining cryptocurrency soon.
20kevin20
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November 30, 2020, 10:10:11 PM
 #18

Feels like they're more interested in running a business to milk some crypto opportunity than being interested in helping with the adoption of cryptocurrencies. PayPal has demonstrated that with facts ever since they've announced their so-called "Bitcoin support".

We've had Bitcoin bull runs before, but we've never had such a strong and quick, almost-forced move towards Bitcoin support all of a sudden. This may only be a little step towards the cashless society they're looking forward to create ASAP, because their plan now meets a lot of conditions we did not have before: pandemic, pre-bull run of BTC, adoption rate at an ATH etc.
crzy
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November 30, 2020, 10:33:44 PM
 #19

That’s for sure, they have to adopt or else someone will do it for them left them behind. Visa is a great and huge company as well, i hope for that they will push it through just like what Paypal did and I’m sure many will start to adopt Bitcoin and we can expect more pump in the market.
Iyeman
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November 30, 2020, 11:04:44 PM
 #20

Those are the old news. It's not clear whether VISA and master card will adopt crypto but as far as i know if they have stated if they wanna try to adopt the blockchain system to be a part of their business.
Paypal's stock has been getting a big surge caused by the cryptocurrency news. That may give the more awareness for more companies to adopt it.
This is about business.

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