27 Feb Head of Cryptocurrency at Visa Exhorts Crypto Wallets – Finance and Funding
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Almost a year back, Bloomberg published a warning note for traditional payment processors like Visa and PayPal. Essentially, it shared the viewpoint of MoffettNathanson analyst Lisa Ellis. She believes that cryptocurrencies pose an “existential threat” to Visa, PayPal and the like. And it seems Visa is not at all taking the threat lightly.
In a recent tweet, Cuy Sheffield, Head of Cryptocurrency at Visa, invited crypto wallets to its Fintech Fast Track program. With this association, the wallets would be able to issue Visa cards to their cryptocurrency users.
Any crypto wallets interested in issuing Visa cards please apply to our Fintech Fast Track program here
https://t.co/K6owCBrgqx https://t.co/0XYaft18Nk— Cuy Sheffield (@cuysheffield) February 21, 2020
There is no doubt that cryptocurrencies directly compete with payment processors like Visa. In spite of this Visa is ceaselessly partnering with crypto fintech organizations. Additionally, it is offering its services too. This…
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