fbpx
Generic selectors
Exact matches only
Search in title
Search in content
Facebook Fanpage
Twitter Feed
621 Following
860 Followers
The Nigerian Forensic Agency Consent The FG To Use Its Prowess As A Tool https://t.co/TABp8J4R99 via @techbooky https://t.co/PD7Wwd7Acr
20 hours ago
How To Build A Top-notch On-demand Cooking Gas Delivery App In 2021 https://t.co/Ojwh75OQVk via @techbooky https://t.co/wEyVtPu9R6
23 hours ago
Android Deleted Tweet About Pixel Buds A-Series It Mistakenly Shared https://t.co/mhF22In8rO via @techbooky https://t.co/XrYQvrwPQj
yesterday
Bill & Melinda Gates Finally Separate While Their Foundation Remains https://t.co/ljqPZrUGpA via @techbooky https://t.co/iefQKIG81l
yesterday
Browse By Categories

Visa Now Settles Cryptocurrencies Transactions Via Crypto.com

Share

…Visa’s Ethereum Blockchain is the latest feature that balances cryptocurrency transactions.

Visa reportedly allows cryptocurrency as a payment option on its network to balance transaction — just as Bitcoin gradually explore global acceptance. Visa intends to utilize a different digital currency, USD Coin (USDC), to flagship its services in the FinTech sector on Monday.

The USDC is a lucrative currency; while it is regarded as a stable coin according to its market value, the value of fiat money, Dollar, is equivalent to USD Coin’s value.

Visa initiated a pilot program with crypto.com — a payment platform that exclusively processes the transaction on digital currencies. To expand its horizon in facilitating further electronic fund transfers, Visa reportedly intends to make the stable coin cryptocurrency optional extensive to its partners in the future.

Among other different types of cryptocurrency, Bitcoin remains the flagship digital currency, which has encouraged other prominent investors to inject a handsome amount of funds in acquiring its digital asset.

This has also bolstered the effectiveness of Bitcoin to bloom continuously in the trading market. These investors include MasterCard Inc, Tesla, BYN Mellon, and several others.

Bitcoin hits higher mainstream compared to Visa’s USD Coin. Still, the financial services corporation made a lucrative choice to utilize digital money equivalent to fiat money.

Just as Bitcoin continues to bloom, other minority cryptocurrencies such as Ethereum, Ripple, and USD Coin will also move at the flagship cryptocurrency pace. Although each cryptocurrency autonomously grows in the trading market.

Meanwhile, experts strongly believe that Elon Musk’s cryptocurrency campaign on his social media instigates this significant shift towards accessing digital money to replace fiat money (even for investments). The Technoking of Tesla recently allowed cryptocurrency as a payment option to purchase its electric vehicles.

“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies,” according to Cuy Sheffield, heading Visa’s crypto division. We’re seeing demand from our clients to be able to build products that provide that access for consumers.”

For contrast, you can remotely pay for a box of pizza with a Visa card — its payment network is tied with crypto.com. They make the conversion of cryptocurrencies into fiat money easy.

The crypto wallet will deposit a certain amount of money into a bank account equivalent to the fiat money issued by crypto.com. The funds get wired back to Visa at the end of each business day to make every transaction have a balanced record.

In line with the electronic payment company’s latest involvement in cryptocurrencies and exchanging cryptocurrencies into fiat money to balance every transaction — Visa’s Ethereum Blockchain is the latest feature that processes such command in a click.

Visa reportedly consorted with Anchorage, a digital asset investment bank, to test run the payment program they initiated with crypto.com.

Total
0
Shares
Previous Post

Microsoft, Facebook, And Several Other Tech Companies Set To Resume In-person Office Duties Soon

Next Post

Flutter Or Kotlin, An Ideal 2021 Cross-Platform App Development

Related Posts

Subscribe Our Newsletter

Subscribe

Never miss an important Tech news again

   
HTML Snippets Powered By : XYZScripts.com