Visa’s Become Less Adamant on BTC: Might Adapt to Crypto-Systems

Visa’s Become Less Adamant on BTC: Might Adapt to Crypto-Systems

In a short-run, Visa does not see any jeopardy in digital coins. At the same time, the financial services titan wants to be ready to embrace cryptos when the time comes. This is what the company’s top exec Alfred Kelly announced this week.

The Wind of Change? Visa May Adapt to Cryptos

On October 25, Alfred Kelly spoke to CNBC regarding Visa’s attitude toward virtual money. Unexpectedly for some, the company’s CEO argued they do not see cryptos as their threat, at least in a short term. However, the payment cards giant might adopt cyber-money-related systems once these currencies become more established. Before that, Kelly stated:

Our top trading bots

"I think there has to be some market that it becomes somewhat like a fiat currency in order for us to be comfortable.»

Concerning the «establishing» part of cryptos, Kelly singled out that Visa might leap onto cyber-money bandwagon only if bitcoin and its brethren shift to being genuine payment instruments. At the moment, Kelly emphasized, they are predominantly commodities.

Once this happens, Visa will «go there» because the giant is eager to be in the epicentre «of every payment flow in the world regardless of how it happens or what the currency is behind it,» explained the company’s CEO.

It is recalled that this year January Kelly was less bullish regarding cryptos. He was adamantly stating he did not see bitcoin and its ilks as a payment system and that Visa would not process crypto-based transactions.

Some days before that the financial company banned a range of European cards, issued by crypto-services providers, including Tenx, Bitwala, and Bitpay. At that time Visa was accusing the companies of not complying with its membership regulations.

Twitter enables users to give and receive Ethereum tips natively
In Sept. 2021, Twitter enabled Bitcoin payments as the first cryptocurrency payment option available via its tipping jar. Wednesday, the social media platform...
Blockchain-based decentralized messengers: A privacy pipedream?
As people all over the globe have become increasingly aware of their privacy rights and how they are constantly being violated by various prominent social...
U.S. Congressman wants to scrub bill provision that crypto advocates say is a potential disaster
North Carolina Representative Ted Budd submitted an amendment to the omnibus America COMPETES Act of 2022, specifically targeting the provision that would...
Decentralized and traditional finance tried to destroy each other but failed
The year 2022 is here, and banks and the traditional banking system remain alive despite decades of threatening predictions made by crypto enthusiasts....
Cardano’s ADA price eyes 30% rally with a potential ‘triple bottom’ setup
Cardano (ADA) may rally by nearly 30% in the coming days as it forms a classic bullish reversal pattern.Sharp ADA rebound underwayDubbed “triple bottom,”...
Nifty News: $2.5M virtual land sale, MetaSoccer raises $2.2M, CryptoDragons get Egg-cited
Metaverse Group, which is headquartered in Decentraland, announced on Nov. 23 that it had completed what it calls “the largest Metaverse land acquisition...
Incoming NY mayor wants crypto taught in schools
New York Mayor-Elect Eric Adams appears to be doubling down on his pro-crypto stance, asserting that that schools should incorporate cryptocurrency studies...
Blockchains vie for NFT market, but Ethereum still dominates — Report
This month, Cointelegraph Research will release a comprehensive report on nonfungible tokens, discussing NFTs in detail and providing a detailed guide to...
Majority of Korean crypto exchanges to shut down this month, insiders say
The deadline for South Korean crypto exchanges to meet new compliance requirements is looming fast, with all operators expected to submit requests for an...
Altcoin Roundup: Here’s a few things to consider when buying NFTs
The nonfungible token (NFT) sector of the cryptocurrency ecosystem has made waves that splashed across the headlines of even mainstream news outlets in...
Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS
Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable...
Unsure about buying the dip? This key trading indicator makes it easier
When an asset enters a bear phase and the headlines are negative, analysts project further downside, and the sentiment shifts from optimism to pure gloom...
Major Philippine e-wallet GCash eyes crypto trading
GCash, a major digital wallet in the Philippines, is reportedly considering introducing crypto trading services.GCash CEO and president Martha Sazon announced...
Dfinity's ICP token sees violent first day of trade on major exchanges
The launch of the Internet Computer utility token has seen a wild first day of trading after its long-awaited debut on exchanges.The ICP token from Dfinity...
China aims to let foreigners use digital yuan at Winter Olympics in 2022
China’s central bank is looking to enable foreign athletes and visitors to use the country’s digital currency during the Beijing Winter Olympics in 2022,...