According to the latest global study by Visa it shows that 40 percent of the crypto owners would prefer switching their primary bank.
Global Advisory Service
On Wednesday, global crypto advisory service launched by Visa. It is for clients like banks and other merchants, as an adoption of the virtual currencies steam. Visa is the biggest payment processor of the world.
Impact on Crypto
The move taken by Visa seems to be against the backdrop for such unprecedented demand of the investor for different cryptocurrency services. Latest offering of the company also gets gear towards various institutions. These institutions are quite eager to attract clients or to retain their customers with offering of crypto. The retailers searching to delve in NFT or non-fungible tokens with central banks that are exploring the digital currencies.
Services offered by Visa
The services of Visa include the educating institutions related to cryptocurrencies. Thereby, allowing the clients to use network of payment processor for various digital offerings. It is assisting to manage the backend operations.
According to the latest global study through Visa show about 40 percent of the crypto owners that surveyed prefer switching their primary bank. They prefer to choose the bank that provide products which are crypto-related in next 12 months.
Visa Crypto Card Launch in Brazil
The currency of Visa uses their network to allow selling, buying as well as custody of the digital currency. Even, it provides a credit card which allow the users to simply earn Bitcoin on various purchases. It also permits using of USD Coin, the stablecoin currency where the value attached to US dollar directly. It helps to settle transactions on their payment network.
For cryptocurrencies like Bitcoin that used as the perfect medium of exchange along with the stability in price.
The price also is about to fluctuate from $60,000 to $50,000. This is also possible to fluctuate in just few hours. However, it is quite difficult and challenging thing for the merchant to easily accept the bitcoin as the acceptable digital currency.
