The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Crypto-linked Card Usage Tops Cryptocurrency Spending in First Half of Year, Says Visa

by Miki 07/08/2021
by Miki 07/08/2021 0 comment

The research study also stated that 75% of millennials would use cryptocurrencies if they had a better understanding of them.

Visa Inc (NYSE: V) has announced that consumers spent over $1 billion worth of cryptocurrency globally on goods and services through their crypto-linked cards in the first six months of the year. The American payment corporation reportedly estimated half of the current amount in the same period in 2020 and 2019. Visa however did not release the exact figures.

Visa CFO Vasant Prabhu speaking after the announcement stated that the company is doing a lot to create an ecosystem that makes cryptocurrency more usable and more like any other currency. “People are exploring numerous ways in which they can use cryptocurrencies for things they otherwise use normal or fiat currencies for. There are lots of risks, however, in terms of volatility, etc. But that’s up to the consumers of those cryptocurrencies to manage and track,” he stated.

“We know about the large volume of cryptocurrency transactions with these regulated crypto exchanges our network and as far as we can see that trend continues,” Prabhu added. The CFO however noted that Visa has no short-term plans to add any cryptocurrency to its balance sheet, citing Tesla, MicroStrategy as examples of companies who recently adopted cryptocurrencies.

Prabhu explained that the company only holds currencies they need to run their business on their balance sheet hence the reason not to hold cryptocurrencies on their balance sheet. “We hold currencies that we get paid in or we pay people in which happens to be the US dollar, euro, and the British Pound. So we have absolutely no plans to hold cryptocurrency because it’s not typically the way we get paid or the way we pay people,” he said.

A recent research from one of Visa’s direct rivals MasterCard Inc (NASDAQ: MA) revealed that 93% of North American consumers have plans to use cryptocurrency or any other emerging payment technology, such as biometrics, contactless, or QR code systems, in 2022. The research study also stated that 75% of millennials would use cryptocurrencies if they had a better understanding of them.

Visa also revealed that crypto-linked cards as well as other payments platform startups including biometrics and QR code have the potential to upset the $18 trillion spent every year with cash and checks across the globe.

MasterCard will reportedly launch a card with Gemini, the crypto exchange owned by the Winklevoss twins this summer. The card will enable consumers to earn cryptocurrency as a reward. Cardholders will however not be allowed to access their digital wallet on the site.

Visa also announced today that it was adding the FTX cryptocurrency platform founded by billionaire Sam Bankman-Fried, to its Fintech Fast Track Program, which has set out to make cryptocurrency more practical for consumer and business spending.

next Altcoin News, , Cryptocurrency news, FinTech News, News

Thank you!

You have successfully joined our subscriber list.

Subscribe to our telegram channel. Join

Source link

Views: 1
CardCryptocurrencycryptolinkedSpendingtopsUsageVISAYear
Share
0
FacebookTwitterPinterestEmail
previous post
Bank of America Launches Crypto Research Team
next post
Bitcoin Mining Saves Oldest Hydro Power Station in the US

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • What does PayPal mean for Bitcoin

  • IOTA Value Shoots Over 15% after IOTA 2.0 DevNet Nectar Goes Reside

  • Dogecoin’s traders must be wary of a decline if this happens

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,287.002.94%
  • ethereumEthereum(ETH)$2,039.673.26%
  • tetherTether(USDT)$1.000.06%
  • binancecoinBNB(BNB)$323.562.70%
  • usd-coinUSD Coin(USDC)$1.00-0.07%
  • rippleXRP(XRP)$0.4223332.56%
  • Binance USDBinance USD(BUSD)$1.000.12%
  • cardanoCardano(ADA)$0.543.00%
  • SolanaSolana(SOL)$52.344.51%
  • dogecoinDogecoin(DOGE)$0.0860162.04%
  • polkadotPolkadot(DOT)$10.191.12%
  • AvalancheAvalanche(AVAX)$31.205.33%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,268.002.86%
  • Lido Staked EtherLido Staked Ether(STETH)$1,995.453.59%
  • tronTRON(TRX)$0.0774484.30%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.0000122.24%
  • daiDai(DAI)$1.000.00%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$71.542.49%
  • CronosCronos(CRO)$0.1950693.40%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$5.022.23%
  • matic-networkPolygon(MATIC)$0.685.05%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.233.48%
  • FTX TokenFTX Token(FTT)$30.671.99%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$197.632.86%
  • RareRare(RARE)$0.0461220.00%
  • moneroMonero(XMR)$190.129.87%