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Visa officially announced Thursday that it signed a definitive agreement to acquire Currencycloud, a fintech platform supporting about 500 banking and technology clients across more than 180 countries.The new acquisition aims to improve Visa’s foreign exchange business and expand them to serve financial institutions, fintechs and partners. The deal will
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Payments giant Visa has been expanding its involvement with Bitcoin and cryptocurrencies. Per their Q2, 2021, Earnings Call, the company has a long roadmap and many plans to integrate these assets into its payment network. Al Kelly, Chairman, and CEO at Visa talked about the “opportunities” the company is and would
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Ether, the de-facto settlement token of the Ethereum blockchain, rallied on Monday after global payment giant Visa became the ledger’s latest supporter. The firm, which can handle 24,000 transactions per second, announced that it would offer users the option to settle transactions in Ethereum-based stablecoin USDC, becoming the first major payment
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In an interview for the Fortune’s Leadership Next podcast, Visa’s CEO Al Kelly reveals their efforts to integrate Bitcoin into their payment platform. Their plans are for their millions of clients worldwide to be able to trade in BTC but also convert those funds into fiat. Kelly claimed: We’re trying to do
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A reading of Nic Carter’s latest essay for CryptoX on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions. Source
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Visa sees two classes of digital assets. New assets, like Bitcoin (BTC), are “digital gold.” Fiat-backed currencies, as well as stablecoins and central bank digital currencies, represent another class.On Thursday, US fintech giant Visa Inc (NYSE: V) released its earnings report for its Q1 in the 2021 fiscal year and
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Visa CEO Al Kelly said the payments giant is in a position to make cryptocurrencies more “safe, useful and applicable” and may add them to the company’s payments network. Speaking on the company’s fiscal first quarter 2021 earnings call, Kelly described cryptocurrencies like bitcoin as “digital gold” which are “not used
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The Department of Justice announced Tuesday that the deal was off. Source
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Israel-based global fiat payment processor Simplex announced Tuesday it has become a principal member of the Visa network. Source
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Over 200 Simplex partner companies can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. The development is the result of a recent partnership between Simplex and Visa announced Monday. Simplex, a fiat-to-crypto on-ramp service is now a principal member of Visa
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