Visa CEO Underlines Company’s Interest In Facilitating Cryptocurrency Solutions For Global Unbanked

Payment Provider Powering Real-World Digital Asset Transactability There is no denying that cryptocurrencies are one of the most significant technological advancements in recent years that can disrupt the centralized finance ecosystem globally. With the underlying blockchain technology and a fully decentralized ecosystem, cryptocurrencies can change the global financial sector. Not only can cryptocurrencies eliminate intermediaries to lower transaction costs, but they can also solve the global unbanked crisis. However, the accompanying costs of fiat to crypto conversions through local exchanges, complicated regulatory policies, and the limited acceptance of cryptos in the real world prevent crypto from going mainstream. Visa, the global payments technology company, is collaborating with several crypto service providers to address these problems. The transcript from Visa’s fiscal third-quarter 2021 earnings conference call highlights the platform’s efforts in enabling the global population to benefit from cryptocurrencies. According to Visa CEO and Chairman Al Kelly, “In the crypto space, we recently signed three partnerships: one with Tala to partner on cryptocurrency solutions for the global unbanked; and two, with crypto exchanges, FTX and CoinZoom, to begin offering Visa cards. We now have more than 50 crypto wallets and platforms, up from 35 in Q1 and more than the next leading network. And collectively, they drove o...