World-renowned payment giant VISA thinks the cryptocurrency market could become more common. That's why it wants to be at the center of the cryptocurrency market.
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VISA CEO Al Kelly stated that cryptocurrencies could become extremely common in the next five years. Visa is working to enter the cryptocurrency business to become the main payment tool in the cryptocurrency market as well. Kelly talked about Visa's plans for cryptocurrencies.
VISA CEO Al Kelly, We’re trying to do two things. One is to enable the purchase of bitcoin on Visa credentials. And secondly, working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency and therefore immediately be able to be used at any of the 70 million places around the world where Visa is accepted.
Mastercard also talked about similar plans in the past months. In the developing cryptocurrency market, companies that accept payments want to be in the center. Last week, Paypal announced that it had acquired Curv, a digital asset storage company.
Although some have made negative comments about cryptocurrencies in the past and today, it is no longer difficult to predict that cryptocurrencies will become more common and will be used in the future.
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The cryptocurrency market is growing day by day and its use is increasing. Corporate companies are already making plans and studies to exist in this market, whether they want to or not. Perhaps (in my opinion, most likely) in the future, many people will hold cryptocurrencies rather than their local currency and want to use it everywhere. Many companies, seeing this business opportunity, are working to enter this market.
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Perhaps in the future, trade between countries will be made with cryptocurrencies. What do you think?