What does it mean for large VISA companies to provide cryptocurrency services?

“Every bank should have a crypto strategy,” VISA said.

The company said in a statement Wednesday that Big Pay Visa has set up a global consultation on the crypto industry to help financial firms establish crypto markets as demand for the crypto industry increases.

“We believe Visa plays a key role in building the bridge between banks and the cryptocurrency process,” Cuy Sheffield, head of crypto at Visa, told CoinDesk. "Every bank should have a crypto strategy."

Visa's crypto advisory team will work with the advisory and review firm to provide insight into crypto crypto strategy and usage and help the bank integrate its crypto team.

Sheffield said the exchange took place around nine months ago, when banks began to realize consumers wanted to use cryptocurrencies. At the same time, according to Sheffield, they want to know how to make crypto businesses like exchanges and wallets more efficient.

In a recent survey conducted by Visa, 18% of participants around the world said they could or would like to switch to a large bank for a bank with crypto-related products in the coming years. In the new market, that number increased by 24%. For consumers who already own cryptocurrency, Visa's survey found that nearly 40% of participants said they would be willing to change their bank account to one that offered cryptocurrency products.

The securities industry has always known that cryptocurrencies will have a place in the future that will meet the needs of their clients. If you are interested in learning more about blockchain and new information and translations, you can communicate with the author by writing in person.