Visa has announced that it is teaming with with 50 cryptocurrency platforms to make it easier to convert and spend digital currency.
The plan is for the new partnership to allow for people to sped their digital currency at more than 70 million merchants around the world that accept Visa.
We’re partnering with 50 of the leading crypto platforms on card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide. With more than $1 billion spent on crypto-linked Visa cards in the first half of 2021, it’s clear that the crypto community sees value in linking digital currencies to Visa’s global network.1
What’s more, these programs don’t require coffee shops, dry cleaners, or grocery stores to directly accept cryptocurrencies at the checkout. It’s the magic of “tap and go” without the complexity of new acceptance points or cryptographic keys.
The company has teamed up with a range of the most popular platforms that include FTX, Coinbase, Crypto.com, and CoinZoom and more.
You can find out more information about Visa and their plans to support cryptocurrency over at their website at the link below, it will be interesting to see what their plans for digital currencies is in the future.
Source Visa
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