2 years ago
Visa’s caput of crypto Cuy Sheffield described Reuters’ study that the outgo elephantine was pausing its crypto endeavors arsenic “inaccurate.”
In a Feb. 28 Twitter thread, Sheffield said the institution has continued to spouse with crypto companies to physique caller products. He said:
“We proceed to spouse with crypto companies to amended fiat connected and disconnected ramps arsenic good arsenic advancement connected our merchandise roadmap to physique caller products that tin facilitate stablecoin payments successful a secure, compliant, and convenient way.”
Reuters reported that the outgo giant, on with its rival MasterCard, was pausing its crypto endeavors due to the fact that of the caller events successful the industry.
Sheffield noted that portion the crypto manufacture is presently faced with “challenges and uncertainty,” Visa’s “view has not changed that fiat-backed integer currencies moving connected nationalist blockchains person the imaginable to play an important relation successful the payments ecosystem.”
Stablecoin issuer Circle’s CEO Jeremy Allaire said that the assemblage should not fto the “media FUD get retired up of reality.” He added:
“We’re thrilled to beryllium moving with manufacture leaders specified arsenic Visa connected leveraging outgo stablecoins and USDC.”
Sheffield urged anyone gathering products successful the intersection of crypto and payments to interaction him.
Meanwhile, it was unclear if Sheffield was speaking connected behalf of Visa. His Twitter grip has a disclaimer stating, “views are my own.”
Visa has scored respective crypto partnerships implicit the past year. The steadfast has partnered with implicit 70 crypto firms, serving 80 cardinal merchants globally.
The station Visa’s caput of crypto disputes study of institution pausing crypto push appeared archetypal connected CryptoSlate.
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