VISA CEO states they see “Bitcoin as Digital Gold” in Earnings Call

VISA CEO states they see 22Bitcoin as Digital Gold22 in Earnings Call
VISA CEO states they see 22Bitcoin as Digital Gold22 in Earnings Call

Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly, who is also chairman of the firm, explains that there is no reason not to add cryptos when these are increasingly becoming “a recognized means of exchange.”

Kelly stated that they “we think of the crypt market in two segments. First, there are cryptocurrencies that represent new assets such as Bitcoin. Second, there are digital currencies or stable coins that are directly backed by existing fiat currencies. We see all currencies in that first segment as digital gold. They are predominantly held as assets and are not used as a form of payment in a significant way at this point.”

Kelly continued, “Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto a Visa credential to make a fiat purchase at any of the 70 million merchants where Visa’s accepted globally.”

 

What do you think?

133 points
Upvote Downvote

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Comments

comments

Greyscale Cryptocurrency Asset Manager Looking to Likely Add Cardano Polkadot Cosmos and more

Grayscale Cryptocurrency Asset Manager Looking to Likely Add Cardano, Polkadot, Cosmos, and more

Bitcoin 2021 Gathers Major Crypto Companies Like Binance Coinbase Kraken Grayscale Fidelity and more

Bitcoin 2021 Gathers Major Crypto Companies Like Binance, Coinbase, Kraken, Grayscale, Fidelity, and more