Visa Has Partnered With Over 50 Cryptocurrency Companies

Visa has partnered with over 50 cryptocurrency companies. Visa aims to be permanent in the cryptocurrency world.

Visa, the giant brand of payment services, has taken another step to become permanent in the cryptocurrency world. Expressing this aim at every opportunity in 2021, Visa invested more than $ 1 billion in cryptocurrency-linked Visa cards in the first half of 2021 alone. Now, Visa has announced that it has partnered with more than 50 crypto companies to enable its customers to spend digital currencies. Thanks to the partnerships, it will be possible to use cryptocurrencies at any merchant that accepts Visa, including those that do not accept cryptocurrencies.

Partnering with 50 Companies, Including Coinbase

According to a statement released on July 7, Visa has partnered with more than 50 cryptocurrency companies, including FTX and Coinbase, to allow their customers to spend and convert digital currencies via Visa cards. Through the partnerships, customers will convert digital currencies and be easy to spend at 70 million merchants worldwide, including those who do not accept digital assets. "Sellers don't need to change anything," Cuy Sheffield, Visa's head of cryptocurrency, told Insider. said. Accordingly, crypto-assets will be instantly converted into fiat currencies and accepted without the need for sellers to do anything. Cuy Sheffield, Visa's head of cryptocurrency, said: "We have more and more consumers who have assets on cryptocurrency platforms, trade cryptocurrency and keep cryptocurrency in their wallets. However, we have millions of sellers who don't really understand the world of cryptocurrency. They don't want to update their outlets and terminals or understand what Blockchain is." Even when connected to the cryptocurrency platform, the features offered include earning cryptocurrencies by spending fiat money, similar to how users earn cash, airline miles or hotel points.