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Customer Spending On Crypto-Linked Cards Exceed $1B In 1H2021 Per Visa

By John F. Heerdink, Jr.

As per reports, Visa Inc. (V) informed that more than $1 billion has been spent by its customers on its crypto-linked cards in the first half of this year. The company is taking the necessary steps to smoothen crypto transactions and partnering with 50 cryptocurrency platforms, making it easier for customers to convert and spend digital currencies at 70 million merchants worldwide. Visa also announced the use of the USD Coin to settle transactions on its payment network.

Investor confidence in cryptocurrencies has somewhat loosened recently, with regulatory crackdowns in China and elsewhere. The world’s biggest cryptocurrency, Bitcoin witnessed a punishing slide following the euphoria which took it to record highs, earlier this year.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Its mission is to connect the world through the most innovative, reliable, and secure payment network – enabling individuals, businesses, and economies to thrive.  Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network, and scale to reshape the future of commerce. To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V) Coverage Page.)

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Visa says spending on crypto-linked cards topped $1 billion in first half this year in Reuters)


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