Visa has not partnered up with over 50 companies that does business related to cryptocurrency. The partnerships include Coinbase and Crypto.com and Blockfi. This also would mean Visa credit card users would be able to spend crypto for services and goods even from companies that do not accept crypto.
Since the start of 2021 up to date Visa has said its customers have spend over $1 billion in crypto for goods and services through using Visa. In addition Visa is also holding some cryptocurrency itself so having crypto flow in its business is a big step to crypto mass adoption.
Conclusions
Competitor like Mastercard is also planning to unveil its partnerships with Gemini and what it plans to do to get more active crypto participants. With competition there will be more users. Crypto is starting to build a foundation of use and with the help of big entities such as credit card companies help accelerate the mass adoption. This is all good news for crypto users.
Let us all keep hodling our cryptos for better days ahead. Thanks for reading.
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