Digital currencies are being accepted as a payment method by the mainstream financial industry
More and more banks and companies are starting to accept cryptocurrencies as a form of payment. After Tesla announced that people could purchase vehicles using Bitcoin, another company said it will implement cryptos to settle transactions.
Today Visa announced a pilot program with payment and crypto platform Crypto.com and will allow USD Coin as a payment method.
Cuy Sheffield, head of crypto at Visa: “We see increasing demand from consumers across the world to be able to access, hold and use digital currencies, and we’re seeing demand from our clients to be able to build products that provide that access for consumers.”
However, despite the news, Visa stock price is trading 0.50% lower in pre-market.
Sources: reuters.com, finance.yahoo.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.