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Investing.com – Payment service provider VISA is working with its 20,500 staff to not lose market share to the emerging cryptocurrency market. Companies like are pushing to revolutionize established payment flows by offering faster and cheaper alternatives.
For blockchain technology to establish itself in society, it should be very advantageous if a reference known to all directs its activity there.
Visa (NYSE:) CEO Alfred Kelly said on Tuesday that he was involved in a number of projects related to central bank digital currencies (CBDCs) and stablecoins. From his point of view, the latter will play an important role in future payment flows, hence the need to adapt the existing infrastructure.
Visa is far from a newcomer to the cryptocurrency market. There are already many partnerships with crypto platforms that allow Visa customers to buy bitcoin, ethereum and more. The company also launched its own NFT collection – Visa Masters of Movement – just in time for the start of the FIFA World Cup.
Alfred Kelly’s vision is that using cryptotechnology, customers will soon be able to set up automated payments for their phone and electricity bills, which will then be settled through their private wallets.
By Marco Oehrl