08.12.202123:10 Forex Analysis & Reviews: Visa will not miss the wave of cryptocurrency hype and will launch crypto consulting services

Exchange Rates 08.12.2021 analysis

Of the 6,000 respondents worldwide, 94% knew at least a little about cryptocurrency, while about a third invested or used it as a form of exchange.

Visa (NYSE: V) has announced the launch of consulting and advisory services aimed at educating customers about cryptocurrencies and encouraging their scalability.

The cryptocurrency consulting business will provide advice to financial institutions, retailers and other firms on all issues related to cryptocurrency, including tokens that cannot be exchanged (NF).

The world-famous corporation also develops products for stablecoins, which are virtual coins that are correlated with the value of fiat, for example, the US dollar.

"For us, cryptocurrency is a huge new vertical and an opportunity for growth, and we will continue to focus on developing this business moving forward," said Nikola Plecas, Visa's leading European cryptocurrency expert.

According to Plecas, for the year ended September 30, Visa made transactions in digital currency worth $3.5 billion using schemes related to cryptocurrencies.

Meanwhile, Visa has published a study showing that 94% of the 6,000 respondents worldwide know at least a little about cryptocurrency, and almost a third have conducted transactions, walked, or used it as a form of exchange.

This is a huge opportunity for the whole world as Visa can open the way of the shortest road of the crypto market for many citizens from all over the world. Only about 4% of people have only invested in cryptocurrency, so this will greatly help scalability. Visa already cooperates with such a company as crypto.com and they issue their personalized cards for cryptocurrency holders with a different step-by-step reward system.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Vitaly Kolesnikov,
Analytical expert of InstaForex
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