The Visa CEO Al Kelly has outlined five different opportunities his company sees for payments firms in the “crypto and bitcoin (BTC)” space – as well as the world of stablecoins and central bank-issued tokens.
In a Q2 2021 results earnings call, Kelly once again reaffirmed his and Visa’s position that tokens such as BTC are “digital gold,” while “digital currencies,” namely central bank digital currencies (CBDCs) and stablecoins that are “directly backed by existing fiat currencies,” are “definitely emerging as a payment option.”
He claimed that “they’re running on public blockchain [networks],” which he added were “really, in essence, an additional network much like a real-time payments [system] or an Automated Clearing House might be.”
Read more: https://cryptonews.com/news/5-ways-visa-wants-to-work-with-crypto-and-cbdcs-10082.htm
