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Visa’s focus in crypto spans the following areas: Visa - The Trusted Engine of Commerce Visa has long served as a trusted engine of global commerce, enabling the secure and reliable movement of trillions of dollars between individuals, businesses, and governments in over 200 countries and territories. Now, with the rise of crypto, Visa is committed to developing leading-edge emerging technologies at the speed of culture to deliver on its mission: enabling individuals, businesses, and economies to thrive. Credentials Everywhere Visa is working with 50 of the leading crypto platforms to make it simple and convenient to convert and spend crypto with a Visa card, at any of the 70 million merchants worldwide that accept Visa. While crypto platforms and wallets have traditionally been used to store cryptocurrencies, now they are also storing NFT collectibles and art. Accessibility through multiple wallets will be critical as new wallets and marketplaces pop up. It is unlikely there will be any single ubiquitous crypto wallet, and marketplaces will need to provide consumers multiple options when connecting their wallets. Visa’s growing network of crypto wallets is well positioned to help enable this open access and optionality. New Digital Currency Flows Visa is evolving to be a network of networks enabling the secure movement of money across a variety of payment flows. For example, Visa is helping to make it possible for global marketplaces to quickly identify Visa Crypto Partner Wallets that are equipped to safely receive U.S. Dollar Coin (USDC) payouts — giving those marketplaces confidence to pay their sellers in another country. The vision is that those sellers then have more choice, and can use their visa credentials in their digital currency wallet to convert and spend their income at any Visa-accepting merchant. Additionally, Visa is upgrading its infrastructure to enable settlement in stablecoins, a form of digital currency, starting with USDC over the Ethereum network. Visa continues to push the boundaries of its network making it more accessible to the growing ecosystem of crypto-native companies and connecting to public blockchains, like Ethereum, that are the nexus for crypto financial services and crypto commerce and goods. All brand names and logos are the property of their respective owners, are used for identification purposes only, and do not imply product endorsement or affiliation with Visa. 14PDF Image | NFT Engaging Today’s Fans in Crypto and Commerce
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