Visa is getting into crypto


 

Visa announced plans to use its payment network to settle USD Coin (USDC) transactions. USDC tokens are stablecoins, pegged to the value of a US dollar.

Why should you care? Think about how easy it is to use a Visa card to buy something in a store. If successful, this new service — a partnership between Visa, Crypto.com, and Anchorage, the first federally chartered digital asset bank — will make it that easy to pay with crypto.

One good way to accomplish this is to streamline the process by allowing USDC transactions to settle in USDC tokens. That’s the goal of the Crypto.com Visa program. It’s an exciting step toward the blending of traditional banking, fintech, and the world of DeFi.

Want to know more? Visit our Crypto Resources Page for useful links to the distributed ledger and blockchain ecosystem.

 

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Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it. I am not a financial advisor. Nothing in this article should be considered financial advice. If you are considering any type of investment you should conduct your own research and, if necessary, seek the advice of a licensed financial advisor.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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