Visa also makes the leap to cryptocurrency and already accepts a stablecoin
It was inevitable after the competitor’s announcements, Visa moves and also accepts cryptocurrency transactions.
Every week we can talk about some news that shows the progress that cryptocurrencies are having. If a few days ago we reported that Tesla vehicles can be bought with bitcoins, now with Visa it will also be possible to carry out transactions of cryptocurrencies, at least with some very punctual.
This move is not too surprising after the news last month, when Mastercard announced that it would start saving and paying with it. The exclusive to Financial Times in which it is reported that Visa already accepts USDC cryptocurrency It has not caused a stir, although it is a very important movement that will unleash others.
It should be noted that this Visa movement is not valid for any cryptocurrency or with Bitcoin, but in the first place only USDC and United States accepted, although it will be extended to other countries soon. A moderate advance has been chosen.
It is important to note that USDC is a stablecoin, so a cryptocurrency whose volatility is minimal is accepted, something that does not happen with Bitcoin and other alternatives that are viewed with great distrust by the sector. To be associated with the US dollar A direction is also indicated on which are the options to be valued.
When accepting transactions with this stablecoin, you have the assurance that operates through Ethereum and with the collaboration of the Crypto.com wallet. Finally, with these bases behind the cryptocurrency, Visa clients will be able to pay and save it without having to pay commissions.
According to the director of Crypto at Visa, Cuy Sheffield, they have seen “a growing demand from consumers around the world to be able to access, maintain and use digital currencies and we are looking (..) to be able to build products that provide that access to consumers”, recoge Financial Times
Surely, a similar movement is better seen than accepting transfers with other cryptocurrencies such as Bitcoin, something too risky, but every small step brings us closer to a future in which cryptocurrencies are an option used in any daily purchase.