by Rushali 
Visa CEO Al Kelly said while Speaking on the company’s fiscal first-quarter 2021 earnings call, that the company is ready to make cryptocurrencies more “safe, useful and applicable” and may add them to the company’s payments network.
He described bitcoin as “digital gold” which is “not used as a form of payment in a significant way at this point.”
Kelly said;
“Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto our Visa credential to make a fiat purchase at any of the 70 million merchants where Visa is accepted globally.”
He then further added stablecoins could be used for “global commerce” and that “digital currencies running on public blockchains as additional networks just like RTP or ACH networks.”
Also Read : Elon Musk added Bitcoins in his Twitter bio
His exact words were:
“Today, 35 of the leading digital currency platforms and wallets have already chosen to issue Visa, including coin-based Crypto.com, BlockFi, Fold, and BitPanda. These wallet relationships represent the potential for more than 50 million Visa credentials. The next leading network has a fraction of that. And it goes without saying, to the extent a specific digital currency becomes a recognized means of exchange, there’s no reason why we cannot add it to our network, which already supports over 160 currencies today.”
Now, this will definitely boost the market sentiments.
