• visa spend crypto 70 million merchants
    Bitcoin,  Technology

    Visa CEO: We’ll let you spend crypto at 70 million merchants

    Al Kelly said Visa wants to be an intermediary between crypto holders and merchants—the role Satoshi Nakamoto sought to eliminate with Bitcoin

    “We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, he added, is “working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.”

  • Hester Peirce crypto regulation urgent

    Clear crypto regulation urgent as big finance jumps in: SEC’s ‘Crypto Mom’

    Securities and Exchange Commissioner Hester Pierce believes that giants such as Tesla and MasterCard using crypto make regulating this asset class urgent

    Peirce pointed out that while “there have been calls for clarity for some time, a new administration brings the chance to take a fresh look, but it also is a moment where it seems others in the marketplace are also taking a fresh look.”

  • Visa retail crypto trading custody
    Cryptocurrencies,  Technology

    Visa to pilot retail crypto trading service with Black-focused First Boulevard bank

    Calling itself the ‘bridge between digital currencies’ and merchants,’ Visa said it aims to ‘level the playing field when it comes to access to new technologies’

    Payment processing behemoth Visa has partnered with First Boulevard, an online bank focused on financial empowerment in the Black community, to test a new cryptocurrency offering for retail customers. During the test, Visa will attempt to determine how it can facilitate access to crypto assets and blockchain by financial institutions that lack purpose-built infrastructures.

  • visa teams up USDC stablecoin

    Visa teams up with USDC stablecoin

    The payment processing giant will start collaborating with Circle to help credit card issuers integrate the USD Coin into their platforms to send and receive crypto payments.

    Businesses will be able to send international USDC payments to any Visa-supported business. Still, before the funds can be spent they will need to be converted to fiat currency. USDC is back one to one with a U.S. dollar reserve, Circle says.