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International payment system Visa is moving towards allowing its cardholders to buy and sell cryptocurrencies in countries where it does not contradict the local legislation, the company’s press service told RIA Novosti.
“The cryptocurrency market can be roughly divided into two segments,” the payment giant said. It has explained that the first segment includes fiat-backed digital currencies, including stablecoins, and central bank digital currencies.
The second segment includes traditional cryptocurrencies, which, in essence, are assets and are used as an investment tool. “Our strategy here is to interact with crypto wallets and crypto exchanges to enable users to purchase these currencies using their Visa credentials in countries where it is not contrary to local laws,” Visa said.
According to the company, it has partnered with the First Boulevard neobank in the United States, which would allow Visa clients to buy, store and sell digital assets via the Anchorage cryptocurrency bank.
As for the first types of digital currencies, Visa said, they have the innovative potential to be used as a means of payment along with ordinary money. “We interact with issuers of such digital currencies, bringing our expertise in the field of cashless payments, ensuring their security and accessibility for consumers,” it added.
Visa’s announcement follows rival credit card major Mastercard, which announced last week it will begin allowing clients to make payments in certain cryptocurrencies on its network this year. Visa CEO Al Kelly said recently that “it goes without saying, to the extent a specific digital currency becomes a recognized means of exchange, there’s no reason why we cannot add it to our network, which already supports over 160 currencies today.”
International payment system Visa is moving towards allowing its cardholders to buy and sell cryptocurrencies in countries where it does not contradict the local legislation, the company’s press service told RIA Novosti. Read Full Article at RT.com Read More
All Global Research articles can be read in 27 languages by activating the “Translate Website” drop down menu on the top banner of our home page (Desktop version). *** It must have been a winter resident of upstate New York … The post Ode to February appeared first on Global Research. All Global Research articles can be read […]
Here is Donald Trump’s a must-read response to the Nazi scum that comprises The Select Committee to Investigate the January 6th Attack on the U.S. Capitol. The dumbshit, insouciant Americans who elected these Nazis on this committee are America’s worst enemies. https://www.scribd.com/document/600513663/Former-President-Trump-s-response Donald Trump reveals himself in his response as a very great and brave […]
The four centers of America’s ruling class are the Democratic Party’s super-rich in California, which is the high-tech-and-Hollywood, or Silicon Valley (venture capital) and propaganda, center; versus the Republican Party’s super-rich in Texas, which remains the fossil-fuels center; plus both Parties’ super-rich in Virginia near DC, which is the military-industrial-governmental complex, or basically the weapons-producing […]
