The firm emphasized that this giant step was taken after it recognized the possibility that digital assets will become the future of money.
As stated in the release, the launch of Bitcoin which took place over a decade ago, born out of the innovation of a digital version of cash, has over the years become an eminent idea, as it has combined the benefits of digital currencies with fiats like the US dollars.
The emergence of fiat-backed digital currencies called “stablecoins”, has further boosted the potentiality of cryptocurrency; however, Visa has been active in the crypto space, as it has collaborated with crypto platforms like Coinbase and Fold.
Visa also explained that it has included Bitcoin and other digital currency wallets into its FastTrack protocol, allowing Visa’s global network of about 61 million brokers to integrate with fintech.
The payment giant emphasized that this is just the beginning of its stride towards crypto assets. Visa aims at releasing more roadmaps based on incorporating crypto assets in subsequent times.
The payment solution added that last year, it funded an investment company built on security infrastructure for the digital currency ecosystem as part of its activities to continually expand its rendering of cryptocurrency services.
It further said it believes that Bitcoin and other cryptocurrencies are potentially endowed to take e-payment services to billions of people in the four corners of the world, hence, the firm has been giving its best to support the digital assets.
It was also revealed in the release that the Visa global network is at the moment, working together with the world-leading policymakers and regulators, to ensure that the integration of the digital assets showcases its values and the firm’s position on issues relating to privacy, security, trust, and integrity.