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Blockchain News

VISA Set To Offer Bitcoin, Ethereum Payment

In a massive move for cryptocurrency holders, payment giants VISA, will offer Bitcoin and Ethereum mode of payments.

VISA, the American multinational financial services, has been known for facilitating electronic fund transfer across the globe and adding Bitcoin and Ethereum will only make them much more viable.

The payment giant revealed that users with cryptocurrencies utilizing this service could start using Visa Direct. This product allows consumers to make faster payments with cryptocurrencies that can be added to their Visa credentials, in real time.

In addition, Visa highlighted the importance of its FastTrack program to expand its cooperation with entities linked to the crypto space.

“THROUGH THESE EFFORTS, VISA HAS BECOME THE PREFERRED NETWORK FOR DIGITAL CURRENCY WALLETS, WHICH ARE EAGER TO DEEPEN THEIR VALUE TO USERS BY MAKING IT QUICKER AND EASIER TO SPEND DIGITAL CURRENCY WORLDWIDE,” VISA said in a statement.

VISA has also brought forward the importance of making a growth towards the cryptocurrency market.

his investment is aimed at developing a secure infrastructure for the crypto ecosystem. In this regard, Visa also revealed other developments of great importance to the crypto industry.

“Our research team has been exploring the science of blockchain technology for several years. Their work has yielded several promising innovations, including Zether and FlyClient. Today their research is focused on new mechanisms to improve scalability and enable offline digital currency transactions,” VISA said.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.