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September 19, 2020
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Bitcoin

Visa is developing its cryptocurrency support plan |

Visa is developing its plan to support Bitcoin (BTC) and the cryptocurrency space in general. IN a new post on your blog the payments market giant states that it recognizes the importance of digital assets in the future of money.

Visa is opening up to cryptocurrencies

“The concept of digital currency – i.e. a digital version of cash controlled by a private key – was created over a decade ago with the introduction of [na rynek] Bitcoin.

Today, Fiat-based digital currencies, commonly referred to as “stablecoins”, have proven to be a promising new payment innovation, combining the advantages of digital currencies with the stability of existing currencies such as the US dollar. “

– we now read on the Visa blog.

Visa has been active in the cryptocurrency space for some time, working with cryptocurrency platforms such as Coinbase and Fold. The company says it plans to expand its services to digital currency wallets under the FastTrack program, enabling fintechs to integrate with a global network of 61 million points that use Visa services. Needless to say, what great opportunities it brings for the BTC market and how it will strengthen the foundations at the same time.

This is just the beginning!

The company says it is just starting its work and plans to expand support for cryptocurrency assets, with more digital currency-related announcements to come.

“We have been continuously developing our digital currency strategy for some time. Last year, we invested in Anchorage, a company building a security infrastructure for the digital currency ecosystem.

We believe digital currencies have the potential to increase the value of digital payments to more people and places. Therefore, we want to help shape and support the role that will play in the future of money. We look forward to sharing more information about this job with you in the coming months ”

– added in the announcement.

Visa says it is already working with political leaders and regulators to ensure its digital currency strategy does the job. We will probably find out about the details, as added in the post, in a few months.

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