Crypto ‘craze’ may be declining – Visa’s CFO
Crypto-related transactions using Visa were a significant boost to the company’s cross-border volume, although the company CFO sees a gradual decline in the surge. The crypto markets have seen extraordinary growth this year, with lucrative spillover consequences for third parties like Visa. According to the company’s senior executives, though, this may already be dwindling. The […]
Visa acquires fintech platform Currencycloud
Visa announced its acquisition of the London-based fintech firm, Currencycloud. The new development aims to improve Visa’s foreign exchange business and expand them to serve financial institutions, fintech and partners. On Thursday, Visa announced that it has inked a definitive agreement to buy Currencycloud, a fintech platform that serves around 500 financial and technology clients […]
Visa, Mastercard still partners with Binance amidst global regulatory Scrutiny
Despite increased regulatory issues with Binance, Visa and Mastercard have not cut links with the cryptocurrency exchange. Cardholders can still deposit funds into their accounts at the exchange using Visa and Mastercard. The Financial Times reported on Friday that Visa was “aware of the recent FCA announcement about Binance,” and that it was in “conversation […]
Visa partners with CryptoSpend to approve a Bitcoin spending card
Australian digital assets start-up CryptoSpend gets approval from Visa to release a Bitcoin spending card. The co-founder stated that the card will allow Australians to cash out their bitcoin earning rather than spending it. Visa, the world’s largest payment company, has approved the issuing of a new Bitcoin (BTC) debit card in Australia, demonstrating its […]
Visa’s Head Of Crypto Confirms Visa’s Partnership With Over 50 Crypto Companies To Enable Clients To Spend And Convert Digital Currencies
This implies that clients can make purchases from any retailer who accepts Visa, including those who do not take cryptocurrency. During the first six months of 2021, more than $1 billion was spent on Visa cards that were linked to cryptocurrency . FTX and Coinbase are among the cryptocurrency companies with which Visa has partnered […]