Breaking news has come out which says, “Visa has partnered with as many as 60 major crypto platforms to launch card programs so to make it easy for their consumers to convert and spend digital currency at 80 million merchant locations worldwide.”
Visa is an American Multinational financial company that commonly issues credit cards and debit cards to consumers to carry out electronic fund transfers throughout the world. The company has got into the crypto space to support the ecosystem and offer more ways of card services to their users.
Reason Behind Partnerships?
Crypto has impacted each business. And only its a matter of time the realization comes that crypto will soon influence every life.
The company surveyed to better understand the human emotions and consumer views on crypto. In the survey, it came out that almost one-third of people have used crypto in some form or the other. And this shows how popular crypto has got in the entire world.
The company also believes that NFTs will play a major role in the future. The companies belief behind this statement is the purchase of a CryptoPunk for a whopping $165,000 in August 2021.
Visa aims to lessen the gap between the crypto ecosystem and the worldwide network.
In March 2021, they announced that they will be using Tether(USDT) for their transactions.
These partnerships will help the 80 million merchants to digitally convert and spend their assets.
Now, to help people navigate and understand easily about the crypto space, they are launching advisory services.
The company’s moves are in the favour of Bitcoin and other popular cryptocurrencies. The company is helping out these cryptos, so they are quickly adopted in the mainstream world. And when the cryptos are mainstreamed, only one company remains the top winner.
If cryptos are mainstreamed, there’s a matter of time for other companies to adopt the crypto space and expand their business to the crypto level if they want to be in the market.