Visa announces support for virtual currency

     Bitcoin is getting more and more popular! Visa announces support for virtual currency payment and settlement Recently, Bitcoin mining has become a hot topic. Although many people have been skeptical of cryptocurrencies, the reality is that cryptocurrencies, including Bitcoin, are becoming more and more popular. Let’s take a look!

According to foreign media reports, the global payment giant Visa stated on Monday that it will allow the use of encrypted currency stablecoins (USDC) to conduct payment settlement transactions on its payment platform, which means that digital currencies have been recognized by the mainstream financial industry.

Visa International said it has cooperated with the payment and encryption platform Crypto.com and launched a pilot project, and plans to provide the service to more partners later this year. Cuy Sheffield, Head of Encryption at Visa, said that consumers all over the world have an increasing demand for being able to access, hold and use digital currencies, and our customers also have this demand. The stablecoin (USDC) is a stable cryptocurrency whose value is directly linked to the U.S. dollar.

Visa’s move comes at a time when major financial companies including Bank of New York Mellon, BlackRock, and MasterCard have adopted some digital currencies, and this has also triggered people’s concerns that cryptocurrencies will become an important component of their investment portfolios. Part of the forecast.

Last week, Tesla’s US official website showed that the purchase of Tesla cars has supported the use of Bitcoin as payment. At the same time, Tesla founder Elon Musk also announced on Twitter: “You can now use Bitcoin to buy Tesla.” This has further consolidated Bitcoin’s position in the financial sector Spark Global Limited.

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