Everscale Partner
Visa CEO Al Kelly spoke about the company’s plans for the cryptocurrency industry during Fortune magazine’s Leadership Next podcast. Visa has a multi-pronged strategy that includes bitcoin, other cryptocurrencies, and fiat-backed tokens and stablecoins, he said. More broadly, Visa aims to be at the forefront of activity covering new payment methods and technologies in case they do gain mainstream adoption, he added.
“We are trying to do two things: provide the ability to buy bitcoin using data in the Visa system and work with bitcoin wallets so that bitcoins can be converted into fiat currency and thus, immediately used in any of the 70 million points in the world where Visa is accepted.” – said Kelly.
Speaking about the prospects for stablecoins, the CEO of Visa noted that they have significant potential to become a new payment mechanism, especially in emerging markets.
“In the world of digital currencies, we partner with many players. There are about 35 different members with whom we work, ”he said.
Kelly admitted that cryptocurrencies could become “extremely widespread” over the next five years, but did not rule out the possibility of a loss of interest in them.
“I don’t know to what extent cryptocurrencies will go. I am not smart enough to know this, but I am smart enough to keep our company at the centre of what is happening today, ”he said.
In February, it became known about Visa’s plans to launch a service for buying bitcoin through banks.
