Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Visa CEO Says Payments Giant Implementing Long-Term Crypto Strategy

by Daily Hodl Staff
November 22, 2020
in Blockchain
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Alfred Kelly, CEO of financial services goliath Visa, is unveiling the company’s long-term strategy in the crypto space as cryptocurrencies are set to play a much larger role in the post-pandemic global economy.

Speaking at the CNBC Evolve Summit, Kelly says that as more people turn digital during the pandemic, cryptocurrency is becoming a more prominent player in global transactions and Visa is looking forward to being in the middle of payment flows made through fiat-based cryptocurrencies.

“Crypto is a developing part of payments in the world. It’s in a very nascent state right now.

We are very interested in cryptocurrencies. We are not as interested in crypto that is more of a commodity-based play. We’re interested in crypto that ultimately becomes fiat-based, so there’s a clear understanding of the value when there’s an exchange of crypto for the purchase of a good or a service.” 

ADVERTISEMENT

Kelly reveals that Visa is already working with 25 crypto firms.

“We’re facilitating putting a Visa credential into their system where you can convert your crypto based on a fiat currency and put the funds in a wallet where you can use them at anywhere Visa is accepted. It’s a way of making those funds valuable and usable across our network.”

ADVERTISEMENT

Kelly also sees central bank digital currencies (CBDCs) as a major development that Visa is looking to facilitate.

“The other thing that’s happening is central banks around the world are looking at central bank digital currencies. They’re in the early stages, probably the Chinese are the furthest advanced. We expect to continue to work with central banks around the world on how we can help those central banks as they develop a digital currency for the future.”

Although it’s not happening anytime soon, Kelly says digital currencies will ultimately become a major part of the Visa platform, especially in emerging markets like Nigeria where there are millions of people who have been excluded from traditional financial institutions.

“Ultimately, I can see digital currencies running on our Visa network on a more regular basis. I think it’s a number of years out, but we’re certainly open to any vehicle that helps facilitate the movement of money around the world and we wanna be in the middle of it.

I think crypto can play a role especially in countries that are emerging markets where there’s a lot of underbanked and unbanked people. We think that number is about 1.7 billion people on the face of the Earth that are not banked in the mainstream banking system in whatever country they happen to live in, including some here in the United States.” 



Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,082.00
$49,082.00
4.48%
Ethereum
$1,597.46
$1,597.46
9.46%
Binance Coin
$229.49
$229.49
3.03%
Polkadot
$34.19
$34.19
3.75%
Cardano
$1.14
$1.14
2.75%
XRP
$0.466785
$0.466785
2.8%
ADVERTISEMENT

Spotlight

  • Max Keiser Says Bitcoin Could Rise 300x, Top Crypto Targeting US Dollar Dominance
    March 1, 2021
  • Five Crypto Projects Are Going Mainstream This Month, Says Altcoin Daily’s Austin Arnold
    March 5, 2021
  • Whale Abruptly Sends $400,000,000 in Bitcoin to Coinbase in Massive Crypto Transfer
    February 27, 2021
  • Bitcoin Could Be at Start of Massive Mainstream Transformation: Citi Report
    March 3, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.