Visa, the world’s largest payment processor, is launching a global crypto advisory service for clients. Notably, as per Reuters report, Visa is rolling out this feature due to Investor’s demand for crypto services.
Furthermore, Visa’s new development will target the financial institutions who are ready to attract or retain customers. Particularly, customers with a crypto offering, retailers looking to delve into NFTs and even central banks seeking exposure to digital currencies.
Additionally, Visa will also permit clients to use the payment processor’s network for digital offerings.
More so, The payment processor services will feature, educating institutions about cryptocurrencies. Thereby, Permitting clients to use the payment processor’s network for digital offerings. Also, for managing backend operations.
“We came to Visa to learn more about crypto and stablecoins and the use cases…”
“that are most relevant for our retail and commercial business lines,”
So, Uma Wilson, executive vice president at UMB Bank, a regional U.S. lender notes.
Also, A new global study by Visa proves that about 40% of crypto owners. Of course, would want to switch their primary bank to one that offers crypto products in the next 12 months.
Lastly, Visa is currently using its network to aid buying, selling, and custody of crypto.
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