📉 The integration of regular payment cards with crypto exchanges plays an important role in the spread of cryptocurrency, says Visa Vice President Akshay Chopra.
- In 2021, Visa partnered with 75 of the largest crypto exchanges, allowing them to issue Visa cards.
- This made it possible to connect 80 million Visa merchants to the network serving clients who prefer cryptocurrency.
- This integration facilitated payments by $3 billion.
However, regulation remains a barrier to the adoption of blockchain and cryptocurrency payments by traditional financial institutions.
- In 2021, Visa partnered with 75 of the largest crypto exchanges, allowing them to issue Visa cards.
- This made it possible to connect 80 million Visa merchants to the network serving clients who prefer cryptocurrency.
- This integration facilitated payments by $3 billion.
However, regulation remains a barrier to the adoption of blockchain and cryptocurrency payments by traditional financial institutions.