Financial giant Visa is in no hurry to enter the digital asset market. During Mad Money, which airs on CNBC, Visa CEO Alfred Kelly discussed the company's future plans in the digital industry. According to him, cryptocurrencies are not a threat to Visa in the near future, but the company is ready to implement cryptocurrency functions if digital coins become more stable and widespread in the future.
Kelly said he believes the market will be sufficiently developed when digital currencies are no longer seen as a commodity and begin to function as a means of payment.
He also said that when the financial market begins to move towards cryptocurrencies, Visa will join the movement as the company strives to be at the center of any payment flow in the world, regardless of the currency used in that flow.
According to CNBC, Visa made more profit than its representatives expected in the third quarter, despite the fact that, according to experts, cryptocurrencies are a threat to payment companies. At the moment, the cryptocurrency market is unstable; in October 2018 alone, it lost about $18 billion of its value.
The company's plans to enter the cryptocurrency market may be a kind of response to the statements of MasterCard about developments based on blockchain technology.
According to btcmanager.com
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