Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Business
visa 2623015 960 720

visa 2623015 960 720

VISA Hints at Integrating Crypto Payment Services in Brazil

Tom Nyarunda by Tom Nyarunda
November 3, 2021
in Business
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

The international payment processor Visa announced it was partnering with crypto businesses to develop cryptographic products. The aim is to create an application that would introduce cryptocurrency payment cards. 

VISA vice president for new business in Brazil Eduardo Abreu stated during an interview with a local media house that the new Apps would make it possible for users to invest in crypto and ETFs within a traditional bank without an intermediary. Without giving deadlines, the executive said they were working with Zro Bank, Alterbank, and Rippio, which would allow users to connect these to bank accounts. 

Hassle-free crypto payments

Abreu revealed that VISA was working on a B2B-oriented blockchain to facilitate hassle-free payment settlements among businesses that use smart contracts. He stated that a few select customers were already testing the system, adding they would reveal the details in the near future. According to Abreu, the system would promote payment transparency among suppliers and service providers. The system would enable both parties to access the system to verify payments and deposits. 

The payment processor was already testing direct Bitcoin payments in Brazil, where BTC can be transferred directly to another BTC account. All existing crypto cards currently require a go-between who helps convert the cryptocurrency to fiat before a transaction is completed. 

Visa is preparing for a world with crypto

It is an open secret that VISA is heading toward the deep end of the crypto sphere. The payment processor recently dipped its toes into the NFT craze when they bought a CryptoPunk NFT for over $165,000. Media reports showed the bank would store the NFT in Anchorage, a fully regulated custodian bank. VISA used the same bank to keep the 49.5 ETH is used to pay for the NFT.   

According to VISA, customers using their crypto-linked cards spent over $1 billion during the first six months of this year. The news comes on the heels of a recent study by MasterCard that showed 93% of Americans were interested in using cryptocurrencies in the near future.

With more than $1 billion spent on #crypto-linked Visa cards in the 1H of 2021, Visa is partnering w/ 50 of the leading crypto platforms to launch card programs that make it easy to convert + spend digital currency at 70 million merchants worldwide: https://t.co/cUjt89dbQC pic.twitter.com/BM9oblL7Ph

— VisaNews (@VisaNews) July 7, 2021

VISA also plans to pilot the use of crypto settle payments via USDC on Crypto.com. That the payment processor wants to establish stronger ties with cryptocurrencies is already apparent. VISA CEO Alan Murray recently exclaimed he saw possibilities for crypto becoming “extremely mainstream” within five years.  

1a49ddd7 d169 48a0 a252 3fc3a2ad01bb 1
Tom Nyarunda

Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.

Tags: bitcoinCryptocurrencyVisa
Previous Post

Miami Mayor Will Take 100% of His Next Paycheck in BTC

Next Post

Quentin Tarantino Launches ‘Pulp Fiction’ NFTs

Related Posts

Binance x Mastercard

Binance & Mastercard To Launch Crypto Card In Brazil

by Rickie Sebastian Sanchez
February 1, 2023
0

Launching in Brazil, the Binance debit card is another step towards widespread adoption of cryptocurrencies. The cryptocurrency industry's leading exchange,...

DekaBank

DekaBank Will Offer Crypto-Related Products & Services

by Rickie Sebastian Sanchez
February 1, 2023
0

DekaBank oversees assets worth a total of 360 billion euros and is collaborating with METACO to offer crypto-based solutions to its...

Elon Musk x McDonald's

Elon Musk Will Gladly Eat A Happy Meal On TV If McDonald’s Integrates Dogecoin

by Rickie Sebastian Sanchez
January 31, 2023
0

Elon Musk has not closed the door on the possibility of accepting the invitation to eat a Happy Meal for...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.