VISA allows cryptocurrency payments from debit cards.

Cuy Sheffield, CEO of VISA Crypto Business, told NDTV a few days ago that VISA Cryptocurrency uses a Crypto Linked debit card payment method. Without it, a cafe, laundromat, or grocery store receives the cryptocurrency directly on the withdrawal. The whole fiat cryptocurrency exchange happened immediately after the incident. Whether in store or online, it's as easy as the industry standard VISA. I want to use it. Cryptocurrency users can trade and use digital benefits while doing their daily transactions.

In the past, VISA and its partner Crypto.com have developed Crypto.com Visa prepaid cards, which are different from debit cards and require prepaid cards. To apply for a Crypto.com Visa card, the user must commit CRO tokens for 180 days. Each reward card is paid to the CRO and placed in the user's crypto wallet. CRO rewards will be immediately affected by all qualifying transactions and redemptions will be refunded in USD equivalents.

Compared to Crypto.com Visa cards, Crypto Linked debit cards take VISA a step further in crypto. Make it easier for consumers to exchange and use digital benefits. Every Crypto exchange for Fiat Wallet occurs immediately.

Cuy Sheffield said in an interview: “VISA has doubled in a year and a half, working with over 60 major crypto sites including FTX, Blockfi, Crypto.com, Coinbase, Circle, etc., and has developed a VISA crypto card Central Europe, Middle East and Africa.

Cuy Sheffield explained in an interview that the VISA cryptocurrency uses a Crypto Linked debit card payment method. Directly accept cryptocurrency at checkout Every cryptocurrency for fiat conversion happens instantly behind the scenes. Whether in store or online, it's as easy as the industry standard VISA. Consumers who want to use cryptocurrencies have the option to trade and spend money. Digital benefits when you work every day. "

According to Oukelian News, VISA cryptocurrency services include first-level cryptocurrencies such as Bitcoin and Ethereum, second-level securities, and third-level digital banking (CBDC) services. The VISA team has developed a hub-like “Universal Payment Channel” (UPC) to connect multiple network blockchains and enable the secure exchange of digital transactions. Think of it as the "one-size-fits-all" blockchain adapter that allows banks, businesses, and middle-class consumers to trade all kinds of benefits.

According to the information on the website, UPC Hub will establish a special payment system for different blockchain networks to connect different blockchain networks and create a new payment platform in UPC Center, to add the new reliable blockchain to the network. UPC payment protocols will be developed outside of the blockchain and will use smart contracts to communicate across multiple blockchain networks in a secure and reliable manner, offering high flexibility and scalability. UPC promotes the vision of digital inter-chain interoperability and the acceleration of digital services.

Based on a global survey of consumer perceptions, the VISA research team found that consumers view cryptocurrencies as moving from skepticism to recognition and understanding. Cryptocurrencies can disrupt existing businesses in one way or another. Almost everyone is familiar with cryptocurrencies and many respondents (almost a third) use them as an instrument of capital or a medium of exchange. Of those who have used cryptocurrency trading, 30% are because they avoid exchange rates, 29% because they can trade at any time, and 23% because of falling prices.

On December 21, the payments giant VISA confirmed that it had completed the acquisition of CurrencyCloud for £ 700 million (or $ 950 million). VISA benefits from Currencycloud's mission to provide customers of two businesses with clarity, flexibility and control when making international payments or transacting in multiple currencies. Currencycloud is a global cross-border B2B provider and also works with the Ripple payment network, RippleNet. VISA and Cloud signed a final contract in July and completed a purchase on December 21.

Cuy Sheffield said he will continue to support the cryptocurrency ecosystem in a number of ways so that consumers can easily purchase or receive digital benefits using VISA. Encourage NFT innovation and initial research and collaboration on the future implementation of CBDCs.

Cuy Sheffield said: "Cryptocurrency is not just a technology or an asset, it has a deep culture too. Many consumers believe that the payments industry will drive this energy and that cryptocurrencies will be part of the future. ”We are involved in the crypto industry and aim to expand our position in the crypto industry in the future. As it turns out, the VISA process not only works with confidence in the crypto industry itself, but also that the crypto industry has failed and failed to get its share of the. cake.