Visa sees cryptocurrency going parallel inflated with bitcoin:
The burden and inability of the society to pay obligation made it cashless while spending money on health due to the Corona pandemic. The visa company sees the unbanked and underbanked 1.7 billion people for target growth.
Visa predicts people to pay off their future debts by way of investment in cryptocurrencies like bitcoin whose prices are surpassed the marked prices in the near last three years. Financial institutions and investors are more interested in investing in bitcoin.
In today's scenario, after the covid19 pandemic people got shifted from cash and checks to digital money whether it can be cash, cheque, visa, MasterCard, or any local card.
Visa CEO Alfred Kelly states that an opportunity awaits in the changing world as the people are paying for things and cited the payment of $18 trillion to be paid in cash and cheques as an opportunity.
Cryptocurrency is a digital currency that is going up in prices in the time of covid19. Visa sees it as an important part of everyday life and the main role-playing in upcoming years.
The prices of bitcoin rose in the year 2020, due to the fear of increasing coronavirus people are more worried about exchanging cash and cheques which led to central bank monetary height.
One of the best digital platforms during Covid-19 is cryptocurrency. Bitcoin, the most gazed example, is approaching a record and Visa sees the digital currencies playing a greater role in its business in the years ahead.
Ceo says visa is trying to become a network of networks rapidly. Visa facilitates the money movement.
Digital currency is also said to be a combination of data and money. Visa is not into cryptocurrencies instead focuses on digital currencies. At this time, the visa is working with nearly two dozen cryptocurrencies.
Crypto Business World
CBW - External Analyst