Visa Aims to Enable Crypto Trading via Its Credit Card

by in Cryptocurrency News

Visa crypto wallets

Major financial services company Visa continues to be interested in the crypto industry.

Related: Investments in crypto funds in the Q1 beat previous records

Recently, in a podcast with Fortune's Leadership Next the CEO of the firm Al Kelly talked about Visa's plans concerning digital assets. During the discussion, Kelly said that the team intends to bring out two new options.

One is to allow BTC trading on Visa credentials. The other one will be cooperating with crypto wallets, thus allowing convert Bitcoin into fiat currency. These changes will make BTC available at any of the 70 million places worldwide where Visa is accepted.

The payment company has built partnerships with different crypto organizations. In February it teamed up with a neobank First Boulevard to allow the customers to purchase, custody, and trade digital assets held by Anchorage, a federally chartered digital asset bank.

Another leading financial company Mastercard also is taking steps to provide cryptocurrency services. In February it reveals the plans of supporting a number of cryptocurrencies directly on the network.