Cryptheory: NFT, Play-to-Earn, Crypto News

24/7 crypto news, cryptocurrency meaning, guides, learning, #cryptohelpschildren

Visa works on crypto advisory board

2 min read
December 9, 2021 Jackie

 

NFTs, CBDC and crypto cards – Visa leaves nothing to be desired in the crypto space. But now others should also benefit from the knowledge of the payment giant.

After a Cryptopunk-NFT and numerous partnerships for crypto cards in its luggage, the world’s leading payment service provider is now going one step further. Visa is not only expanding its crypto offer, but now also wants to advise customers in this area. Organizationally, the advisory team is under the Visa Consulting & Analytics Sitting unit.

From a Press release As of December 8th, it appears that Visa has now set up a crypto advisory unit. This should help other organizations to find ways into the crypto business. The credit card giant explains in the press release that this is the first important step for a deep understanding of the ecosystem.

Carl Rutstein, Global Head of Visa Consulting & Analytics, explains that the mindset of their customers has changed “from wanting to research and experiment with cryptocurrencies to building a strategy and a product roadmap”.

Visa is currently working with the company in the USA UMB Financial Corporation together. “We reached out to Visa to learn more about digital currencies and their use cases across different business areas,” said Uma Wilson, executive vice president, CIO and product officer at UMB Bank.

Welcome to the crypto mainstream

The timing of setting up a special advisory body is well timed by Visa. Because at the same time, the credit card giant also published a new one Whitepaper about consumer and usage behavior in the crypto area. Visa interviewed more than 6,000 financial decision-makers in eight markets (Argentina, Australia, Brazil, Germany, Hong Kong, South Africa, Great Britain and the USA).

In the report, the payment service provider speaks of an “almost universal awareness” about crypto, with 94 percent of those surveyed who have control over their finances.

According to the report, crypto-curious and skeptics were in balance in Germany. 16 percent of adults (over 18 years old) living in Germany have tried to find out more about crypto space, but see it in a rather negative light. Meanwhile, 16 percent are rather positive towards the sector – but have not yet acquired any cryptocurrency.

Artist behind Bored Ape Yacht Club to reveal new NFTs in Art Basel

Share this post
Tags:
All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

More for Reading

Axie Infinity’s Ronin Completes Audit and Plans to Restart Operations in June 2 min read

Axie Infinity’s Ronin Completes Audit and Plans to Restart Operations in June

May 28, 2022 Maggie
ApeCoin continues to fall, bears seek .00, analyst says 2 min read

ApeCoin continues to fall, bears seek $5.00, analyst says

May 28, 2022 Jackie
STEPN shuts down in China 2 min read

STEPN shuts down in China

May 28, 2022 crypto mommy
Elon Musk Tweets SpaceX Will Accept Dogecoin, Cryptocurrency jumps 2 min read

Elon Musk Tweets SpaceX Will Accept Dogecoin, Cryptocurrency jumps

May 28, 2022 Jackie
Tether launches stablecoin pegged to the Mexican peso 2 min read

Tether launches stablecoin pegged to the Mexican peso

May 27, 2022 Victoria K.
FTX CEO is One of TIME’s 100 Most Influential People of 2022 2 min read

FTX CEO is One of TIME’s 100 Most Influential People of 2022

May 27, 2022 Maggie

30 thoughts on “Visa works on crypto advisory board”

Leave a Reply

Your email address will not be published.