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Visa’s plan is to divide digital assets into two categories: cryptocurrencies and digital currencies. For cryptocurrencies, Visa plans to work with wallets and exchanges to allow users to buy these currencies using their Visa credentials. With regard to digital currencies, these assets could find use cases in global commerce “much like any other fiat currency” and could run on public blockchains as additional networks much like RTP and ACH rails.
Kelly noted that Visa already has a strong relationship with 35 digital currency platforms and wallets, including BlockFi and BitPanda. These partnerships, Visa claimed, represent potentially more than 50 million Visa credentials – a significant size advantage over the company’s rivals. “And it goes without saying,” Kelly added, “to the extent a specific digital currency becomes a recognized means of exchange, there’s no reason why we cannot add it to our network, which already supports over 160 currencies today.”
https://finovate.com/visa-to-enable-cryptocurrency-trading/?utm_content=646536%2c646536
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