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Visa moves to allow payment settlements using cryptocurrency.

  • Writer: Blockchain Council
    Blockchain Council
  • Apr 9, 2021
  • 2 min read


If we had to name the most disruptive development in the field of technology in recent years, cryptocurrency and Blockchain will be at the top of the list. In this sector, Bitcoin was the first cryptocurrency. It emphasised the fact that transactions can be completed without the involvement of a third party, and that transactions can be completed faster using a decentralised framework that ensures full data protection. While there are some concerns about the cryptocurrency exchange's long-term viability, we must acknowledge that it has opened a new window of opportunity for a new phase of the digital financial revolution.



What is the latest buzz?


Despite the fact that many countries, such as China, are concerned about cryptocurrency's long-term viability, many payment networks have recognised its significance and witnessed its increasing acceptance.


Many payment networks are experimenting with cryptocurrency, and Visa is the most recent addition to this list. The organisation has agreed to use its website to accept cryptocurrency trading. It will enable users to settle transactions on its payment network using the cryptocurrency USD Coin.


The USD Coin (USDC) is a stablecoin cryptocurrency that has a value tied to the US dollar. Other sites, such as BlackRock Inc and Mastercard Inc, have embraced cryptocurrency in addition to Visa. This acceptance clearly shows that we will see an increase in the use of cryptocurrencies in the future, and they will sooner or later become a part of our investment portfolio.


With Tesla announcing the purchase of its cars with Bitcoin, the adoption of cryptocurrencies has made some significant strides. This move would help cryptocurrency gain popularity in the e-commerce sector.


This was the most recent information on the use of cryptocurrencies. Many places are also investigating the best ways to use cryptocurrencies. If you're looking to make a smart investment, cryptocurrency is the way to go.


The question now is, what makes cryptocurrency so resilient? Its underlying platform, Blockchain, is the solution. This decentralised ledger enables users to trade cryptocurrencies more quickly without having to reveal their personal information. Furthermore, the DL platform keeps all transaction details stable, making it the safest platform for monetary exchange. Blockchain has a wide range of applications across various industries, and this cryptocurrency exchange is one of them. In the coming years, we can see a significant increase in the usage of Blockchain and its applications in the real world.


What's in it for you?


Cryptocurrency and blockchain are here to stay. They have ushered in a new era of transition, which has resulted in a demand for working professionals who can put this technology into practise. Between 2016 and 2025, Blockchain is projected to grow at a staggering 67.3 percent compound annual growth rate (CAGR). Experts in this field would be in high demand as a result of this huge increase. If you, too, want to become a cryptocurrency expert, you should contact the Blockchain Council right away.


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