Digital currencies are being accepted as a payment method by the mainstream financial industry
More and more banks and companies are starting to accept cryptocurrencies as a form of payment. After Tesla announced that people could purchase vehicles using Bitcoin, another company said it will implement cryptos to settle transactions.
Today Visa announced a pilot program with payment and crypto platform Crypto.com and will allow USD Coin as a payment method.
Cuy Sheffield, head of crypto at Visa: “We see increasing demand from consumers across the world to be able to access, hold and use digital currencies, and we’re seeing demand from our clients to be able to build products that provide that access for consumers.”
However, despite the news, Visa stock price is trading 0.50% lower in pre-market.
Sources: reuters.com, finance.yahoo.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.