Bitcoin

Visa has quietly warmed to crypto, along with PayPal and Square


But Visa ( V ), a bigger company than the other two combined (by market cap or by revenue), has also quietly warmed to cryptocurrency.


(AP Photo/Jenny Kane, File)Not all Visa-branded cards are launched through a direct partnership with Visa, since some go through an issuing partner.


Visa tells Yahoo Finance it is "actively working with over 25 digital currency companies on a variety of bitcoin-related products and services, cards being just one area.” Visa notes it has an “enhanced due diligence process for any company that we work with offering a program connected to a crypto wallet.”


As such, we want to help shape and support the role they play in the future of money.” Visa also notes that many of its crypto partnerships have been borne out of its FastTrack fintech program.


It partnered with early crypto payments app Circle to add support for Circle’s USDC stablecoin (a cryptocurrency pegged to the value of the U.S. dollar), which means select Visa card issuers and merchants can send and receive international payments using USDC, then convert them to any local currency.


And—surprise— Visa aims to eventually issue a credit card that will support USDC payments through Circle.






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