Visa is making important moves ahead to get closer to the rapidly evolving crypto payments industry. In the latest podcast with Fortune’s Leadership Next, Visa CEO Al Kelly talked about the company’s plans on digital currencies. The payments giant hinted that the company might soon initiate the facility to make crypto purchases via credit cards. During the interview, Kelly said:
“We’re trying to do two things. One is to enable the purchase of bitcoin on Visa credentials. And secondly, working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency and therefore immediately be able to be used at any of the 70 million places around the world where Visa is accepted.”
In the interview, Kelly further noted that cryptocurrencies could potentially become the new payment vehicles, especially in emerging markets. On the other hand, Visa has been putting an increasing focus on the use of stablecoins.
During the podcast, Kelly said that is currently working on a multi-pronged strategy covering Bitcoins, Altcoins, as well as stablecoins.
Visa is Working With Multiple Partner to Expand In the Cryptosphere
Visa has formed some important partnerships in recent times. Last month, Visa joined hands with Kansas-based digital bank First Boulevard, to create a pilot API that will help Visa to integrate Bitcoin and crypto.
On the other hand, Visa is also forming important partnerships to support different stablecoins. Last year, Visa entered a partnership with Ethereum-based stablecoin U.S. Dollar Coin [USDC]. During the recent podcast …
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