Cryptocurrency

Bitcoin Boost by Visa – the Integration in a 61 million distributors strong network

There is big news, because Visa has set out its Plan to support Bitcoin (BTC) and the cryptocurrency space in General.

In a new Blog post, the payment giant has said that he accepts the role of the digital assets for the future of money. Alone this statement in the Form of an official statement already.

The concept of digital currency or a digital Version of cash, which is controlled by a private key was created more than a decade ago with the introduction of Bitcoin.

Source: Visa

Today’s fiat-backed digital currencies, which are generally referred to as a “stable-coins” have evolved to a promising new payment innovation, which combines the advantages of digital currencies with the stability of existing currencies like the US Dollar.

Visa is already in the field of crypto-currencies and actively works together with the Crypto-platforms, Coinbase, and Fold. The company says that it plans to release its services to the digital wallet through its FastTrack program to expand. This will allow you to Fintechs, to integrate into the global Visa network of 61 million traders.

We have driven our strategy for digital money for quite some time and further developed. In the past year, we have invested in Anchorage, a company that builds the security infrastructure for the Ecosystem of the digital money…

The company announced that it is just beginning and plans, its support for Crypto-Assets to expand. This virtually implies that further announcements will follow in connection with digital currency in the future.

We believe that digital currencies have the potential, the value of digital payments to a larger number of people and places to expand. Therefore, we want to help shape the role they play in the future of money, and support. We look forward to sharing in the coming months, more about this work with you.

Visa also writes that it is working with leading politicians and regulatory authorities to ensure that the company’s strategy in the field of digital currency, reflects its values, and its strong Position in terms of security, privacy, integrity and trust is reflected.

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In any case, this is another building block in the staircase, the Bitcoin is walking on his way to a world-wide Adoption and up.

Do you think that is the impetus for the next Bitcoin Bullrun?

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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.

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