Visa introduces new crypto advisory service for merchants and banks

Massive Payment Visa is launching an innovative new service to help consumers find their way into the world of cryptocurrency.

On December 8, the company announced that its cryptocurrency market is under scrutiny and scrutiny and will provide information to financial firms, retailers and other companies, include crypto resources. broadcast and the search for non-homogeneous tokens. as well as the central bank's digital currency development portfolios.

Show a dit.One of the reasons banks are so interested in cryptocurrencies is competition.Visa, according to a recent internal survey, found that "40% of crypto owners surveyed said they may or may not turn a large bank into a bank offering the crypto-related product within the next 12 months."

According to Reuters, US financial services firm UMB is a Visa crypto service provider.

Uma Wilson, Senior Vice President of UMB Bank, said, “I'm here to learn more about the use of events that often affect cryptocurrencies and coins, securities and business transactions.

Visa's move is the latest attempt to enter the cryptocurrency market, and it has filed several blockchain-related patents in the past. The Visa research team is also working on "Universal Payment Channel", a blockchain interoperability that connects multiple blockchain networks to transfer digital assets across different processes and wallets.

Visa is one of the many payment companies that have entered the cryptocurrency market in recent years. Competitor MasterCard recently announced a debit card linked to cryptocurrency in the Asia-Pacific region, and PayPal has announced new customer base offering cryptocurrency, savings, and direct deposit services before this year.