VISA and Bitcoin Banking Roadmap - More Mainstream Adoption avenues

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(Edited)

If markets weren't already bullish on Bitcoin, a new announcement was released today.

Visa has announced it will assist banks to rollout cryptocurrency services with a Visa crypto software program later this year.

Unlike Paypal, the software will assist banks to allow customers to withdraw and have custody over their crypto assets.

Bitcoin as a payment method has lost appeal as markets and investors look towards Bitcoin as an asset and hedge against inflation. More akin to Gold than fiat money, Visa sees Bitcoin investors are likely to HODL, sell and trade.

"We see crypto assets as more like digital gold," Visa’s head of crypto, Cuy Sheffield, said ahead of the announcement, speaking over the phone. "There's less demand to spend bitcoin."
Source

Visa aim to work with wallets and exchanges to make it easier to cash out to Visa credentials and then be able to make purchases with traditional fiat.

With Elon Musk also touting Bitcoin as on the verge to breaking into traditional investment markets, this announcement by Visa is sure to ensure the value and use of crypto continues well into the future.

Thanks for reading.



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I saw this headline last night, but I didn't read the story. Sounds like it is going to be a good thing for crypto. I know my biggest issue with using my credit card to purchase crypto is the fraud department usually flags my card. Then I have to call in to them to get the transaction pushed through. It is a huge pain.

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