Visa CEO Al Kelly spoke about the company's plans in the cryptocurrency industry during a podcastFortune Leadership Next. Visa has a multi-pronged strategy that includes bitcoin, other cryptocurrencies, and fiat-backed tokens and stablecoins, he said.
More broadly, Visa aims to be at the forefront of activity covering new payment methods and technologies in case they do gain mainstream adoption, he added.
“We are trying to do two things:provide the opportunity to buy bitcoin using data in the Visa system and work with bitcoin wallets so that bitcoins can be converted into fiat currency and thus immediately used at any of the 70 million points in the world where Visa is accepted "Kelly said.
Speaking about the prospects for stablecoins, the CEO of Visa noted that they have significant potential to become a new payment mechanism, especially in emerging markets.
“In the world of digital currencies, we partner with many players. There are about 35 different members we work with. "- he said.
Kelly admitted that cryptocurrencies could become "extremely widespread" over the next five years, but did not rule out the possibility of a loss of interest in them.
“I don’t know to what extent cryptocurrencies will go. I'm not smart enough to know this, but I'm smart enough to keep our company at the center of what is happening today. "- he declared.
In February, it became known about Visa's plans to launch a service for buying bitcoin through banks.
Where is it more profitable to buy bitcoin? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
Rate this publication
Read this:
Fidelity told when there will be a mass adoption of bitcoin
Visa will add support for cryptocurrency payments
JPMorgan: “mass adoption of the blockchain will happen only in a few years”
Bitcoin price will reach $ 1,000,000 within 10 years
Kraken head: massive adoption of Bitcoin is inevitable
Bitcoin awaits massive adoption by institutional investors