VISA Reports Surge in Revenue from Crypto Card Usage
cashfreak.net – Crypto Investing with Perspective
The global credit card giant VISA has reached a major milestone: In the first half of 2021, users spent over $1 billion using crypto-compatible VISA cards. This number highlights the growing interest in seamless payment integration between digital assets and the established VISA network.
“Users see real value in being able to spend crypto like cash,” VISA stated in a recent release.
Strong Partnerships Across the Crypto Industry
VISA now collaborates with more than 50 leading crypto platforms. These partnerships allow users to convert digital currencies into fiat and spend them directly at over 70 million merchants worldwide—instantly, securely, and without friction.
One standout product is the BlockFi Rewards Credit Card, which lets users pay like they normally would—but instead of earning traditional points, they collect crypto rewards. An appealing model for yield-focused investors.
VISA Stays Fiat-Friendly – Unlike Binance
While competitors like Binance have pulled back from Euro deposits, VISA continues to support traditional fiat currencies. The company positions itself as a bridge between the old and new worlds of finance, a strategy designed to build trust and long-term adoption.
Betting on Stablecoins: VISA Embraces USDC
VISA is also forward-thinking when it comes to stablecoins. Through its partnership with Circle—the issuer of USD Coin (USDC)—VISA is working on enabling certain cards to be fully compatible with USDC. The goal? To establish stablecoins as a practical digital alternative to fiat in everyday transactions.
Why This Matters to Crypto Investors
For investors looking to use rather than just hold digital assets, VISA is already delivering future-proof solutions. With its global reach, robust network of partners, and innovative crypto tools, VISA is becoming a key player in the crypto finance ecosystem.
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Source: BTC-ECHO
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