Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Phone Reviews
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Phone Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Visa to allow payments using cryptocurrency
  • Business

    Visa to allow payments using cryptocurrency

    Arpit Nayak
    Written by
    Arpit Nayak
    Mail
    Last updated on Mar 30, 2021, 07:33 pm
    Visa to allow payments using cryptocurrency
  • Visa Inc. will wade deeper into digital currency waters as it green-lights the use of cryptocurrency to directly settle payments on its network.

    Visa has partnered with crypto platform Crypto.com in a pilot program to settle some transactions using US dollar-pegged cryptocurrency USD Coin (USDC) on the Ethereum blockchain.

    The move allows purchases to take place directly in cryptocurrency without any traditional money involved.

  • In this article
    Crypto payments to no longer need fiat currency Finance firms embrace crypto as demand blows up Tesla leads crypto charge with Musk at helm Is crypto the new gold?
  • Simpler settlements

    Crypto payments to no longer need fiat currency

    Crypto payments to no longer need fiat currency
  • While Visa already allowed customers to pay with digital coins, the process was costly and complicated.

    A crypto wallet would send traditional money to a bank account to be wired to Visa at the end of the day to settle the transaction.

    The new program will scrap the need to convert cryptocurrencies into traditional currency, letting partners pay Visa directly in USDC.

  • Growing acceptance

    Finance firms embrace crypto as demand blows up

    Finance firms embrace crypto as demand blows up
  • The program comes as mainstream finance firms grow more accepting of digital currencies.

    Mastercard has said it will allow more merchants to trade in cryptocurrencies on its network, citing unrelenting demand.

    Further, digital payment firms PayPal and Square already allow Bitcoin on their platforms, while the oldest US bank BNY Mellon has said it would launch banking services for cryptocurrencies and other digital assets.

  • Musk bullish

    Tesla leads crypto charge with Musk at helm

    Tesla leads crypto charge with Musk at helm
  • In fact, Tesla's Chief Executive Officer Elon Musk has backed the cryptocurrency trend in recent months through tweets and outspoken support.

    Last week, Musk said customers could buy his company's electric vehicles in exchange for Bitcoins, over a month after Tesla sank $1.5 billion into the cryptocurrency.

    Musk has also been a prime driver of Dogecoin, a Bitcoin alternative born out of a meme.

  • Safe-haven appeal

    Is crypto the new gold?

    Is crypto the new gold?
  • Notably, cryptocurrencies have garnered traction and piqued the interest of investors as a safe bet amid growing concerns that trillions of freshly-minted dollars during the coronavirus crisis could drive up inflation.

    Parallels have been drawn between the safe-haven appeal of gold and the rise in cryptocurrencies, both of which can potentially hold on to their value even in times of high inflation.

  • Cryptocurrency
  • Ethereum
  • Fintech
  •  
Latest News
  • Gujarat: Night curfew in 20 cities from today
    Gujarat: Night curfew in 20 cities from today
    India
  • Facebook breach: How to check if your data was compromised
    Facebook breach: How to check if your data was compromised
    Science
  • Xiaomi's first EV will be priced under Rs. 35 lakh
    Xiaomi's first EV will be priced under Rs. 35 lakh
    Auto
  • Indonesia landslides: Death toll rises to 126, dozens missing
    Indonesia landslides: Death toll rises to 126, dozens missing
    World
  • Delhi woman mows down elderly couple; says she was distracted
    Delhi woman mows down elderly couple; says she was distracted
    Politics
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Mark Zuckerberg Reliance Jio OPPO Sensex Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News Real Madrid ISRO Yoga Honda Batman
Football News BMW Mark Zuckerberg Vaccine Reliance Jio OPPO Food News, Healthy Recipes Apple Royal Challengers Bangalore Toyota
Fashion Tips Sensex Mercedes Manchester City Katrina Kaif Sidharth Malhotra Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV
Smart TV Marvel Comics Avengers Neha Kakkar
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021