Visa

Payment giants including PayPal, Visa and MasterCard are more than determined at driving mainstream adoption of blockchain technology and digital currencies to the next level. It's as if these companies are competing to see who will offer the best alternative as far as making payments and transactions using cryptocurrencies is concerned.

The trading volume of USD Coin (USDC) has increased dramatically following the announcement by Visa of accepting the cryptocurrency for payments. Visa Inc. will become the first payments giant to allow its over 60 million merchants to settle transactions in USDC, a 12th cryptoasset by market cap and a stablecoin that is backed by US dollar (USD) created on the Ethereum blockchain.

Binance exchange has achieved significant things in 2020 and it is now ending the year with a cryptocurrency-backed Visa payment card. This has made it to be among a few firms that are offering digital currency cards.

The rapid digitization of the world caused many players from the traditional finance sector to explore and adopt innovative solutions including cryptocurrency. In its turn, it has brought enough good news to the market to take Bitcoin price to new highs.

The global debit card issuance giant Visa is known for its interest in innovative finance. After having successfully launched its first blockchain-based initiative, the company has been working further on expanding its innovative projects.

The realm of traditional finance is in the vicinity of a transformation. As people seek for more convenient innovative alternatives, global payment giants are forced to explore these technologies to meet their users’ needs.