Visa goes big into Crypto

Yes, the tide is shifting and Visa moving with it. Reuters, announced that the payments giant will roll out a pilot program with #crypto platform Crypto.com.

Crypto.com already offers its users a Visa card. However, any payments used by the cryptocurrency card have to be converted to fiat, which adds costs and complexities for merchants.

Here’s the new process:
> A Crypto.com Visa card purchase is made
> Instead of converting to fiat, Visa will settle the transaction using Crypto.com’s USDC #stablecoin, which is pegged to the US dollar (to limit volatility)
> It will all be done on the Ethereum #blockchain

#wakeupimagine#cryptocurrency#innovation H/T The Hustle

Posted on April 11, 2021 in Cryptocurrency, Innovation, Leadership, Marketing, Technology, Trends

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Michael Chase - a true hybrid – part strategist, part data monkey, part creative director, part global growth hacker (when you're doing bic pen tracheotomies you still have to think of EBITDA) and through and through an innovator.

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