Thursday, June 17

Visa, Institutions, and Banks Take Action to Buy Bitcoin (BTC)

The good news continues to come as Bitcoin is still traded at over $ 36,000.

The world’s leading payment network has rolled up its sleeves so that Visa institutional customers and partners can trade Bitcoin and other cryptocurrencies.

In collaboration with First Boulevard, a digital bank, Visa is launching pilots to offer customers with First Boulevard. Thanks to this application, corporate customers and banks will be able to trade cryptocurrencies under the guarantee of Visa.

Visa also hired Anchorage for its customers to store Bitcoin and cryptocurrencies.

As you know, the cryptocurrency custodian Anchorage received conditional approval from the US Currency Supervisory Office (OCC) in January, becoming the first national digital asset bank in the USA.

plastic money credit cards visa wallpaper preview

“We set out to bridge Visa between digital currencies and our global network of 70 million merchants,” said Jack Forestell, Visa’s chief product officer. said.

Diogo Monica, co-founder and president of Anchorage, said, “Visa’s crypto pilot program is an important step in both the spread of crypto as an asset class and its inclusion in payment finance services. We are excited to work with Visa and First Boulevard to build the infrastructure for a safer and fairer financial future. ” said.

We previously announced that Visa will include Bitcoin and cryptocurrencies in its payment systems. With this project, the first concrete step was taken.

What do Visa and Mastercard in credit cards mean?

Visa and Mastercard are two competitors making payment systems. So these are not a credit card brand, but a payment system brand that provides cash flow. Whether your credit card is Visa or Mastercard, it is a state that connects banks, not you. In other words, banks use Visa or Mastercard infrastructure for credit card transactions.

Visa and mastercard have agreements almost anywhere in the world and with tube POS devices, so you can use your credit card without any problems. Mastercard is of USA origin, Visa is of UK origin.

Mastercard is a financial company established in the United States in 1966. Provides payment systems for credit cards. 16-digit credit card numbers start with 5.

Visa provides the system of prepaid credit cards in 36 countries, mainly in Europe. Its head office is in England. It is an association to which all banks in Europe are affiliated. Credit card numbers start with 4. Generally, Mastercard is more effective in the American continent and Visa in the European continent.

Visa Introduces Suite of Security Capabilities to Help Prevent and Disrupt Payment Fraud
Visa, Institutions, and Banks Take Action to Buy Bitcoin (BTC)

There is no problem in using visa and mastercard in all developed countries. About 15-20 years ago there could be more obvious differences, but there is no such problem anymore. Today, there is no problem in using it outside of the remote corners of the world.

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