Financial services giant Visa has revealed that over $1 billion in cryptocurrency was spent using its cards in the first half of 2021.
The company has teamed up with more than 50 cryptocurrency-related companies, including exchanges FTX and Coinbase, to allow its clients to convert and pay with digital assets at over 70 million merchants across the world.
“The merchants don’t have to change anything. It will be the same as any other Visa transaction to them. But on the backend, the crypto assets are instantly converted into fiat,” Cuy Sheffield, head of cryptocurrency at Visa, told Business Insider today.
Sheffield added that there’s a growing number of consumers trading and holding cryptocurrency. “Then you have millions of merchants who don’t really understand crypto,” he said. “They don’t want to have to update their point of sales and terminals and figure out what a blockchain is.”
Speaking to CNBC, Visa CFO Vasant Prabhu said that the company aims to “create an ecosystem
Źródło: https://decrypt.co/75403/visa-more-than-1-billion-spent-using-crypto-linked-cards-in-2021
