Visa accept the existence and appeal of crypto

[MrSpasybo]

Visa Inc. and BlockFi are teaming up to launch a new credit card that rewards users with Bitcoin (BTC), setting the stage for wider mainstream adoption of digital currency.

The card, which carries a $200 annual fee, will be issued by Evolve Bank & Trust.

This isn’t Visa’s first foray into cryptocurrency. Earlier this year, the credit card company partnered with digital startup Fold to offer a debit card that earns crypto-based rewards.

More broadly, Visa has outlined a positive vision for digital currency adoption — reversing an earlier, more hostile attitude. Currently, there are more than 25 cryptocurrency wallets connected to Visa’s systems.


Article: Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows

After PayPal, Visa, which is seen as the biggest rival of crypto in the cross-border money transfer market, is also approaching crypto. Of course, Visa says that crypto is an inevitable trend, instead of criticizing BTC's transaction speed is only 3tps and ETH is 15 tps while Visa's maximum speed is 24K tps
What do you think about this problem, is this a sign of a crypto triumph over traditional means of payment? Or is this just a mutually beneficial combination of both sides to access new users?

[TomPluz]

They know how to see a big source of revenue from afar even to the point of easily reversing their strong stand against cryptocurrency before. Well, this is the power of money all working to change an institution's mindset. Visa has realized fully that cryptocurrency is already unstoppable so why not make some money instead by joining the club. This goes also with PayPal. I am sure that soon more and more big name financial institutions are to join the party!

[Andruha1993]

This is great news, many companies are already joining the crypto industry, thereby making it even more popular and, accordingly, more and more people are interested in it.

[Gravatai]

Visa is not the first time trying to somehow integrate cryptocurrencies into its system, but so far they have not offered anything really worthwhile. Cashback in cryptocurrency is an interesting idea, but we will need to look at exactly how they want to implement all this. It is possible that this will turn out to be another unsuccessful attempt, so I would not jump to conclusions.

[pealr12]

The road to mainstream adoption is getting realistic and inevitable from the looks of things, it doesn't matter what approach they use for crypto acceptance but the important thing is they do recognize it which is great for the crypto ecosystem, I think the PayPal news has brought a clear picture about crypto and btc to many other top companies, soon many will follow.

[Malathris]

Well, this is of course news...
And how can it not be recognized, if crypto currencies confidently win the market.

[Piku]

Many big and good companies are joining cryptocurrency. I think cryptocurrencies have a lot of potential in the future.

[trauchot]

This is very good news and it once again proves that various big companies really want to work with cryptocurrencies and the time will come when all areas will be absorbed by cryptocurrencies and cryptocurrency technologies, it's just a matter of time, so incredible opportunities and discoveries await us in the future in the cryptocurrency sphere.

[Carbitcoin]

The fact is that today cryptocurrencies are really quite profitable assets and this is not only done by enthusiasts. It is worth looking at the capitalization of the cryptocurrency market and everyone wants to have at least a little from such a big money pie.

[MrSpasybo]

This is very good news and it once again proves that various big companies really want to work with cryptocurrencies and the time will come when all areas will be absorbed by cryptocurrencies and cryptocurrency technologies, it's just a matter of time, so incredible opportunities and discoveries await us in the future in the cryptocurrency sphere.

I think after Ebay & Visa, a lot of other tech giants will consider integrating crypto into their ecosystem. Perhaps using crypto for payment is still not feasible at the moment, but using crypto as a reward for the loyalty program is feasible now. We all know the feeling of "happiness" to own an asset that can increase in value tomorrow like crypto, the tech giants are bound to exploit that feeling
Amazon, Walmart, Kroger, Costco... could be the next names in crypto fan club. Alibaba or Taobao can also be approached, but I think digital Yuan will be given priority under pressure from the Chinese government.

[Bitstar_coin]

About time, I always knew all they were doing in the past was pretending to be against crypto but now we can see the story has changed, now the big companies are all interested in coming in, this was bound to happen sooner or later, am glad visa has seen the importance of crypto and digital payment, soon many more will follow, 2021 will be an interesting year no doubt.

[masterrex]

I believe before this companies are accusing Bitcoin and other cryptocurrencies a lot. But now it seems like the Tide is turning back and these companies slowly embracing Bitcoin and cryptocurrencies how ironic but that's the reality in the corporate world, accept, ride and innovate, if you want to stay in the game and I think that was a good decision from Visa.

[Galley]

Remember, as they say, if it is impossible to stop a process, then in order to successfully confront it, you must lead it. So in this situation, the symbiosis of payment systems and cryptocurrency payments will bring much more benefits from mutual cooperation. Nobody has yet given up the profit. Large companies will not stand aside from financial flows.

[Tnoy30]

Various banks around the world approve Visa to deposit money on cryptocurrency exchanges. So I think many banks support cryptocurrency. So investors are getting a lot of benefits. There will be more benefits in the future. Visa‌ may be the maximum use for future worldwide transactions

[edmundo]

This was always inevitable and gives the crypto industry a massive boost towards the fulfillment of mass adoptions. Visa is not only huge but offers some of the widest coverage in terms of customer base and usage. This will ensure there is great penetration, ultimately leading to huge demand for cryptocurrency and blockchain. The future of the blockchain industry looks assured and promising.