In March this year, Visa started accepting payments in cryptocurrencies and facilitating crypto transactions.
Background: In March this year, Visa started accepting payments in cryptocurrencies and facilitating crypto transactions. It was a pretty huge, progressive step for a relatively old, traditional Visa.
What happened: Now, this crew are launching a new consulting and advisory service to help their clients navigate the world of cryptocurrencies. We're talkin' how to roll out new crypto features...to advice on the latest NFT.
What else: It's just the latest example of Visa pushing deeper into the crypto industry as new trends increase competition in payments.
💡Competitive threats can come in all shapes and sizes. Particularly in the payments industry.
💡For Visa, traditionally its competitors were just ya Mastercards and AmEx. Now, we've got buy now, pay laters...fintech startups...big tech companies...and crypto platforms.
💡Visa sees crypto as a key growth opportunity, but one of the biggest challenges in the crypto space is professional guidance. So, they reckon a crypto consultancy could help grow adoption of bitcoin and other digital currencies into the mainstream. #StayRelevant.
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