The international payments giant Visa has been developing an adoption scheme in its services aimed at cryptocurrencies and digital assets in order to include crypto, stable currencies and CBDC on several fronts.

This Tuesday, the CEO of Visa, Alfred Kelly, advanced the progress of his project and the ambitions for the new development, presenting through a teleconference the financial results obtained in the first quarter of 2021, ensuring that the plan has well-positioned foundations.

“We are talking to central banks about the importance of the public / private partnership and, in particular, the importance of buy-in. For these central bank digital currencies to have value, both will have to be safe in the minds of consumers,” the company representative reported referring to CBDCs.

Despite the fact that Visa has already made decisions regarding digital assets, the CEO has proposed an adoption scheme fixed to an inclusion strategy on several fronts and among the most important assets, bitcoin will always be the most prominent. In this sense, the company is developing a payment system keeping the crypto asset par excellence very present.

According to what was reported by Kelly, this adoption strategy will have three key points: purchase, sale and storage of cryptocurrencies, a new API focused on cryptography for institutions that work with the company and settlement of payments through stable currencies.

K.Villarroel

Source: bitcoin.es

La entrada Visa will adapt its services to cryptocurrencies apareció primero en Bitfinance.

Venmo, the mobile payments application associated with PayPal, now offers a new service to its users for buying, selling and storing cryptocurrencies from the same application.

With more than 70 million users, the Venmo platform is available to the needs of customers in terms of cryptocurrencies, offering a simple and fast payment system that will last as a 6-week trial period, until users become familiar with the new tool.

The initiative is possible thanks to the agreement between PayPal and a provider of services and products with cryptocurrencies on a global scale called Paxos Trust Company.

Four assets get support

At the moment, the platform provides the service for cryptocurrencies such as: bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BCH) and also offers different guides and tutorials that will support the client concerning frequently asked questions related to management of digital assets and the crypto market.

Darrell Esch, senior vice president and general manager of Venmo, explained that the update of the application tries to offer a controlled and known environment for those users who want to venture into digital assets trading.

K.Villarroel

Source: bitcoin

La entrada Venmo adds support for cryptocurrencies to its platform apareció primero en Bitfinance.