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- Visa announced on 22nd July that it has been working closely with Coinbase and Fold – the two licensed and regulated digital currency platforms.
- Visa was looking to reshape its money transferring system and hence pursuing a broad spectrum of technologies and partnerships.
- By partnering with these digital currency platforms, Visa aims to bridge the gap between digital currencies and the existing global network of 61 million traders.
Visa is a multinational financial services corporation based in America. Headquartered in Foster City, California, this company announced on 22nd July that it has been working closely with Coinbase and Fold – the two licensed and regulated digital currency platforms. This announcement made via their website.
Visa, being a global payments technology giant, has always focused on providing the greatest and best value to people, businesses, and economies. According to the sources, for quite some time now, Visa was looking to reshape its money transferring system and hence pursuing a broad spectrum of technologies and partnerships.
Visa’s Partnership with Coinbase
By partnering with these digital currency platforms, Visa aims to bridge the gap between digital currencies and the existing global network of 61 million traders. Reportedly, around 25 digital currency wallets have registered their services with Visa. This will enable the users to spend their digital currency balance using a Visa debit or prepaid card, anywhere Visa is accepted.
With the ongoing analysis and research in this space, Visa is planning to echo the following set of values:-
- It’ll aim at data protection, consumer privacy, fairness, and full compliance with the laws.
- It also aims to support digital currencies and networks demanded by their clients.
- It’ll use the data and experience gathered from securing transactions and working with various stakeholders to align digital assets with its core services.
Visa to Bridge Cryptocurrency and Traditional Market
By successfully establishing this project, Visa will become one of the most preferred networks for digital currency wallets. Subsequently, it’ll deepen their value and improve their utility to their clients and users. Hence, they’ll be able to send digital currency seamlessly and effortlessly anywhere across the globe.
Furthermore, Visa believes in the potential of the digital currency and the solutions which it provides. By this, they’ll be able to play a role in shaping its future as money.
