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.

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.

About Shelly Palmer

Shelly Palmer is a business advisor and technology consultant. He helps Fortune 500 companies with digital transformation, media and marketing. Named LinkedIn's Top Voice in Technology, he is the host of the Shelly Palmer #strategyhacker livestream and co-host of Techstream with Shelly Palmer & Seth Everett. He covers tech and business for Good Day New York, writes a weekly column for Adweek, is a regular commentator on CNN and CNBC, and writes a popular daily business blog. Follow @shellypalmer or visit shellypalmer.com

Tags

Categories

PreviousHow to Mine Your Own Ether (ETH) NextNew York's COVID-19 Vaccine Passport "Excelsior Pass" is First of its Kind

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.

Subscribe