Markets news | Visa will start making payments in cryptocurrency

Visa will allow the use of the USD Coin (USDC) stablecoin for payments on its network.
Visa has launched a pilot projecttogether with the cryptocurrency platform Crypto.com and plans to offer the opportunity to conduct transactions with this cryptocurrency to partners at the end of 2021.

Head of Cryptocurrency Visa Kui Sheffield:

We see growing demand from consumersaround the world for the ability to access, store and use digital currencies, and we see a demand from our customers to create products that provide such access for consumers

Support for digital currencies as a new typesettlement currency marks an important step forward for Visa's network of networks strategy, which aims to expand all forms of money movement, both within the Visa network and beyond.

Visa is focused on adding differentiated value to the ecosystem and making cryptocurrencies safer, more useful and applicable for payments.

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