Visa: We make it possible to buy bitcoins using Visa

[Peanutswar]

Today there are a lot of platforms accepting an online payment other than the cryptocurrency payment and one of those is the visa/master card adaptation which is a good thing to do today most people have this kind of online payments which is more hassle than paying cash on our side we mostly on the side of online payment and transactions.

Not only in exchange also with the gambling platform and another top their platform accepting the used of the visa payment to buy a cryptocurrency again for sure this requires to have a KYC before to buy coins you desired this is for safety too for the buyer and the seller.

Cant wait for a moment when I can buy crypto directly in my bank account (same as I can buy stocks, even though they are not real, but artificial like bitcoin on PayPal) and such option being available in every bank. Seeing how things are doing, I think it will be available in few years.

PayPal is one of the tiers that already adopt the use of the bitcoin you can now easily bought a bitcoin on their platform which is a good thing less hassle and you can immediately convert those coins and back as the current currency you have.

[notblox1]

First they ignore Bitcoin, than they try to ban Bitcoin, and in the end they will all join and accept Bitcoin.
And this story is the same for Visa, Mastercard and for everyone else, but I think they will try to make their own centralized thing to be able to scale worldwide.
Future is looking bright for Bitcoin.

[Oceat]

First they ignore Bitcoin, than they try to ban Bitcoin, and in the end they will all join and accept Bitcoin.
And this story is the same for Visa, Mastercard and for everyone else, but I think they will try to make their own centralized thing to be able to scale worldwide.
Future is looking bright for Bitcoin.

I hope they don't make their own centralized crypto but instead help to widen the adoption of Bitcoin worldwide. I believe to what the CEO said that there is a "strong potential" that Bitcoin will be used as a currency in the future. It's just slowly happening as we can see it but I guess we need more regulations in order for that to happen since most of the country is not yet ready to adopt Bitcoin.

O am expecting more large institutional investors to hop in and join the bandwagon to increase the adoption of Bitcoin in the future. Thanks to these kind of companies making it possible to increase the adoption and believing that one day we'll all be using Bitcoin instead of fiat in the future.

[Trinx01]

This is really good news, a new great movement for the crypto world. There is always something that motivates us to focus more in bitcoin, there is a lot of company that keeps accepting bitcoin which can be a way for a mas adoption, even though we haven't seen it yet as a whole, but there is still progress which something good for the community. I would prefer an online wallet for the Visa, which is more convenient, as most of us are still afraid of going outside so by that we can lessen it up.

[Kelvinid]

First they ignore Bitcoin, than they try to ban Bitcoin, and in the end they will all join and accept Bitcoin.
And this story is the same for Visa, Mastercard and for everyone else, but I think they will try to make their own centralized thing to be able to scale worldwide.
Future is looking bright for Bitcoin.

They will fail if they tried to do it. People just wanted to keep in decentralize and that is why they keep Bitcoin no matter how high is the price. If Visa tried to make their own centralize coin, they got to a mistake.

Future is looking bright for Bitcoin.

That is what we are seeing now. And being more than a decade of its existence, I think it was good enough to see that Bitcoin really has a better future and people will give the thumbs up.

[hatshepsut93]

Well, people are already using the so-called "Bitcoin debit cards" for years, if Visa will be providing them directly, instead of having other companies do it, then it could mean lower fees and better security for users. I don't think this is a threat to Bitcoin decentralization and use-case as censorship resistant money, people who are into BTC for those reasons will wait for Lightning Network, while those who only view it as investment would get better user experience.

[pixie85]

VISA has its own "internal" (?) FOREX rates, usually better than what the banks offer.
If they would do something similar for Bitcoin, hence turning off the many (sometimes hidden) fees various "Bitcoin card" issuers or "Exchanges selling Bitcoin for card" have, it could be an interesting news.
But I think that we are not there yet.
We'll see...

We may not be there yet but it looks like the market is reacting to the news, or maybe it's not the news but technicals and the price is drawn back to the new top since the correction was very shallow and people saw it's not the end of the bull market?

People like convenience and the paypal news made this bull market pick up the pace. If VISA goes along with it it's going to be like a second wind for the bulls. 

[cabron]

VISA has its own "internal" (?) FOREX rates, usually better than what the banks offer.
If they would do something similar for Bitcoin, hence turning off the many (sometimes hidden) fees various "Bitcoin card" issuers or "Exchanges selling Bitcoin for card" have, it could be an interesting news.
But I think that we are not there yet.
We'll see...

We may not be there yet but it looks like the market is reacting to the news, or maybe it's not the news but technicals and the price is drawn back to the new top since the correction was very shallow and people saw it's not the end of the bull market?

People like convenience and the paypal news made this bull market pick up the pace. If VISA goes along with it it's going to be like a second wind for the bulls. 

News like this will always make the price shoot. Its a very interesting news though, just imagine how adoption can massively spread out since everyone seem to have Visa and I would assume Mastercard will follow, they would do the same after Visa. A lot of things go on these days and the price keeps running up even when the market looks exhausted.

[0t3p0t]

Binance also has this feature wherein a costumer can purchase cryptocurrency through a credit card. I think it is way more convenient to do that choice than any other when transacting from fiat to crypto most especially Bitcoin and any other pairings. But still not all individual has credit cards some still prefer the traditional way of buying Bitcoins maybe through p2p or any other options.

[MCobian]

No wonder the price of Bitcoin continues to rise, there is more and more positive news about Bitcoin now. If what Alfred Kelly planned to do two
things so that Visa can enter the world of cryptocurrency is going well. I am sure the development of Bitcoin will be even faster, because we know
Visa is a large company with a pretty good reputation.

It can make many people start buying Bitcoin easily now, even though it is true that buying Bitcoin with credit cards is not new news anymore.
Because it has been a long time since we can buy Bitcoin with credit cards even though the cost is more expensive. But through Visa I believe
the cost will be cheaper and that the security system is much safer. Hopefully there will be other big companies that will adopt Bitcoin.

[maxreish]

Last time its Paypal, now Visa open new oppotunity to accept cryptocurrency payments and purchases.

And after that bitcoinrewards, its nice to know they move forward and took new step. This will take another achievement. I hope they won't take back their plans about it. Visa's another step to enter cryptocurrency mainstream will help them move forward and improve their company. Several financial firms like Visa now joining the cryptocurrency with great benefits with both customers and the company itself.

[Kong Hey Pakboy]

Binance also has this feature wherein a costumer can purchase cryptocurrency through a credit card. I think it is way more convenient to do that choice than any other when transacting from fiat to crypto most especially Bitcoin and any other pairings. But still not all individual has credit cards some still prefer the traditional way of buying Bitcoins maybe through p2p or any other options.

Integration is still integration in the end, also VISA in my opinion is far more safe to store your bitcoin. I guess if VISA wants to make their service in cryptocurrency more unique than what is currently existing, I think that they should do something about it, but considering them having their hands tied as they are a centralized financial institution, I think that there won't be that much difference that they are going to offer.

[electronicash]

Binance also has this feature wherein a costumer can purchase cryptocurrency through a credit card. I think it is way more convenient to do that choice than any other when transacting from fiat to crypto most especially Bitcoin and any other pairings. But still not all individual has credit cards some still prefer the traditional way of buying Bitcoins maybe through p2p or any other options.

Integration is still integration in the end, also VISA in my opinion is far more safe to store your bitcoin. I guess if VISA wants to make their service in cryptocurrency more unique than what is currently existing, I think that they should do something about it, but considering them having their hands tied as they are a centralized financial institution, I think that there won't be that much difference that they are going to offer.

since the start of PayPal, it's a race against all the finance companies, institutions, and banks. a credit card company allowing BTC, it's good news indeed its more than validating Bitcoin to the public. regular people wouldn't really mind having private keys as long as they could they have BTC in their wallet, it's all that matters because they trust Visa.

the news came out yesterday, do you think this is the cause for the price to jump?

[BChydro]

He said: We try to do two things; The first is to make it possible to buy Bitcoin with Visa credit cards, and the second is to work with Bitcoin wallets to quickly convert Bitcoin to Fiat currency so that it can be used in the 70 million places in the world that Visa supports.
Kelly believes there is "strong potential" for crypto currencies to become new payment system.

It is good to hear about these positive news but what about the banks that banned their users from using credit cards to purchase cryptocurrency. I think it is a banking policy of a country rather than the policy by Visa to not allow credit card purchases but if Visa is able to work with bitcoin wallets to shift between crypto and fiat that would be great.

[shoreno]

and the second is to work with Bitcoin wallets to quickly convert Bitcoin to Fiat currency so that it can be used in the 70 million places in the world that Visa supports.

like most of the replies in this thread this is also i notice . if they allow people to buy btc using visa why cant the users use the btc directly in thier visa account ? i think that will make more sense and it will unlock the true potential bitcoin as we all know there are millions of merchants accept visa . imagine buying or using their service and we pay btc directly via a visa card .

Kelly believes there is "strong potential" for crypto currencies to become new payment system.
What's your thoughts?

cannot believe the owner of one of the most being used payment method will say this . so its like he is okay that their company visa can replace btc in the future .

[adzino]

Didn't VISA and Mastercard say the same thing last year? And then the previous years they put a ban on buying crypto using their cards, right? They all seem so confused and lost. They can't even come up with a perfection solution or a decision. This is so sad (and pathetic) when you see "worlds two largest payment processors" are struggling with taking a proper decision. But then again, I guess it's not them, but the current law and government making everything more complicated for them.

[Lorence.xD]

This is great news and is going to increase demand even further. I don't know if I'm too keen on people being able to buy Bitcoin on credit though. I also don't think purists would like it if they implemented fiat conversion because in an ideal world we would only transact with Bitcoin. But all in all this is one more step in the phase we are in of institutional adoption and going mainstream.

Maybe its not just conversion that VISA is offering, maybe they plan to do a bitcoin integration where your credit card can also be your wallet which if true is going to be difficult because they will be doing a lot of work to make a new kind of card that does that but I hope that that is what they are going to do because if not, I think that they will just be copying what the other companies have been doing, this could also mean that we can finally use a conventional ATM to do transactions with bitcoin.

[AniviaBtc]

Thank you for a cliche topic that is really not excites me anymore. We all know that VISA already adopted bitcoin in their platform which is really good but we're done with that.

We want to know and learn something new about bitcoin adoption just like new Bitcoin ATMS in some indigenous places or countries such as like that.

Visa is not flexible and developed, we can't deny it but we should also become knowledgeable or updated in some other platforms who will adopt bitcoin to run in their system.

[GreatArkansas]

Didn't VISA and Mastercard say the same thing last year? And then the previous years they put a ban on buying crypto using their cards, right? They all seem so confused and lost. They can't even come up with a perfection solution or a decision.
(....)

Just be thankful now, at least they changed their minds and started to adopt Bitcoin.
It's normal at the beginning to have doubts, they are also like some people who are being FUD. For now, let's just celebrate this good news. I think this will take some time to begin another feature of Visa.

[markleal]

Hi there Leviathan.007, the news is good but I have doubts. When they say they are doing two things. It means to say that they are just trying out to reach bitcoin holders. Actually, the first thing that he said about "One is to enable the purchase of bitcoin on Visa credentials" - I think this is possible several years ago, then they just block it. Mean to say that it is working before. Another thing is that, why is the news came from other sources, not from Visa itself?