Cryptocurrency
Visa’s Crypto Strategy Is Driving Its Next Stage Of Growth
Forbes reports, “Bitcoin was invented to disrupt existing monetary systems that many felt were too expensive and exclusionary. With this in mind, it was given a much broader value proposition than a deflationary issuance policy and hard cap of 21 million units. Through the novel use of blockchain technology, it also allows anyone to send […]
Forbes reports, “Bitcoin was invented to disrupt existing monetary systems that many felt were too expensive and exclusionary. With this in mind, it was given a much broader value proposition than a deflationary issuance policy and hard cap of 21 million units. Through the novel use of blockchain technology, it also allows anyone to send money to a counterpart around the world in a few minutes for fractions of a dollar.
“This functionality placed incumbent payment platforms such as card networks and interbank messaging systems directly in bitcoin’s crosshairs. While some firms dismissed these concerns, others saw the potential and looked for ways to derive value for their partners and shareholders.
“To investigate this issue further, we recently spoke with the two Visa V -2.6% executives most responsible for its crypto and blockchain strategy Terry Angelos, SVP global head of fintech at Visa and Cuy Sheffield, senior director, head of crypto at Visa. The pair shed substantial light on how Visa approaches innovation and evaluates opportunities to incorporate promising technologies, such as crypto and blockchain, into its operations. They also went into significant detail on how they are approaching next generation digital assets, such as stablecoins and forthcoming assets that will be issued directly by central banks. It was a fascinating discussion that leaves one thing clear, digital assets and blockchain technology are going to be important parts of Visa’s future…”