Visa CEO Al Kelly said in an interview with CNBC that he hopes the FTX incident will accelerate the regulation of the crypto market. "I hope that one good thing that the FTX disaster brings to its investors and employees is that we see an acceleration of regulation and a tendency towards good stablecoin regulation. Because I think this is necessary to rebuild people's confidence. We will see over time." Kelly said that Visa is laying the foundation for providing services involving digital assets because it expects business owners and consumers to have growing demand for using credit cards for crypto transactions. "We are preparing for the reality that cryptocurrencies may play a role in payments and the flow of funds. You know, we don't pick winners or losers. We ultimately let consumers and experiences decide. But we are creating deposit and withdrawal channels for crypto players, allowing their wallets to support the use of Visa cards, the ability to convert stablecoins into fiat currencies, and the ability to use Visa cards to shop anywhere they want to go. We are even committed to being able to help a merchant who wants to settle in stablecoins (rather than in currency) settle at the end of the day." (The Daily Hodl)