Breaking: Visa Approves Payment In Crypto

Visa Inc. has announced it will permit the use of the crypto in settling transactions on its payment network, the latest sign of growing acceptance of Crypto assets by a major financial player.

In a report credited to Reuters the crypto asset being used is the USDC stablecoin crypto whose value is pegged directly to the greenback.

“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,” Cuy Sheffield, head of crypto at Visa, said.