Since 2021, cryptocurrency cards have facilitated $3 billion in payments, according to a Visa executive.
Visa’s executive, Akshay Chopra, has unveiled the significant impact of the company’s partnerships with cryptocurrency exchanges, resulting in billions of dollars in payment volume. During a panel discussion at the Blockchain Economy Dubai Summit, Akshay Chopra, Visa’s Vice President, Head of Innovation and Design, spoke with Cointelegraph reporter Ezra Reguerra. He underscored the pivotal role that Visa cards have played in bridging the gap between traditional fiat currencies and the world of cryptocurrencies in recent years. Chopra pointed out that despite the growing interest in crypto currencies, their use for everyday transactions, such as buying a cup of coffee, remains far from widespread. To address this challenge, Visa forged partnerships with 75 leading crypto currency exchanges in 2021, enabling them to issue Visa cards . This initiative opened up a network of approximately 80 million Visa-affiliated merchants, extending the reach of crypto currency payment s. Chopra revea