Visa launches crypto services for retailers, banks
Global payment network Visa has announced it will launch a consulting and advisory service to help financial institutions and retailers navigate the cryptocurrency space.
The payment platform disclosed this on Wednesday. The consultancy launched as an offering under ‘Visa Consulting & Analytics (VCA)’, with American bank UMB as the first client.
“We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto to actually building a strategy and product roadmap,” Carl Rutstein, Global Head, Visa Consulting & Analytics, told BusinessWire.
Since the start of the year, Visa has made strategic efforts to expand into cryptocurrency as a go-to platform for crypto to fiat conversion, having partnered with exchange platforms like Coinbase and FTX for card programmes.
The consultancy came after a global study revealed that nearly 40 per cent of crypto owners surveyed would be likely or very likely to switch their primary bank to one that offers crypto-related products in the next 12 months.
Visa stated that it set out to assist financial institutions, retailers, and central banks in rolling out cryptocurrency offerings, including NFT projects and Central Bank Digital Currency (CBDC).
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Banks’ assets hit N180.37 trillion: Report
The report said deposit money banks in Nigeria contributed 41.8 per cent to the country’s nominal gross domestic product (GDP).
States
Troops kill terrorist commander, foil attacks in Zamfara, Katsina
Troops killed a notorious terrorist commander and foiled attacks in two states.
World
Woman suspected in Monaco bomb attack found dead near Kyiv
Ukrainian prosecutors said her body was found near Kyiv, with a gunshot wound to the head.
Africa
Xenophobic Attacks: Ghana govt defers Ramaphosa’s planned state visit
”We sent them a communication indicating that it would be best to defer the visit in view of the present climate around xenophobia,” Mr Ofosu said.
Abuja
ICPC arrests El-Rufai’s doctor over alleged abuse of court approved medical visit
Mr Odey said the doctor was arrested because he allegedly made false statements regarding a court-approved medical visit.
World
UNHRC adopts first-ever resolution linking human rights, neglected diseases
The landmark move is expected to strengthen global efforts to eliminate the diseases and improve the lives of more than one billion affected people.
