Visa Reveals Crypto-Linked Card Usage Topped $1 Billion In H1 2021

The mainstream adoption of crypto and its underlying tech has been one of the main goals that the crypto industry has.

There have been a lot of moves made in this direction, and they are still continuing.

Now, Visa revealed a very exciting achievement, and you can check out all the details below.

Visa reveals crypto-linked card usage tops $1 billion in H1 2021

Visa just said that there’s more than $1 billion worth of crypto that has been spent by consumers globally on goods and services via their crypto-linked cards in H1 2021.

It’s been also revealed that Visa estimated crypto spending at only a fraction of that amount in the same periods last year and in 2019. They didn’t release the exact numbers.

“We are doing a lot to create an ecosystem that makes crypto currency more usable and more like any other currency,” Visa CFO Vasant Prabhu told CNBC.

He also said that “People are exploring ways in which they can use cryptocurrencies for things they would use normal currencies for.”

He added, “There are lots of issues in terms of volatility, etc. But that’s up to the owners of cryptocurrencies to manage and track.”

According to CNBC, Prabhu also said, “We see a lot of volume on our [network] of people buying crypto currencies at these various regulated exchanges and as far as we can see that trend continues.”

Check out the complete article posted by CNBC in order to learn all the available details.

Crypto market today

Today, the crypto market looks pretty bloody, with the most important coins trading in the red.

Not too long ago, we revealed that Visa and PayPal joined crypto VC Blockchain Capital’s new $300 million fund.

Coindesk noted that PayPal and Visa were digging deeper into the crypto industry as partners in Blockchain Capital’s fifth venture fund, a $300 million war chest.

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