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Home Cryptocurrency

According to Visa, spending on cryptocurrency linked cards surpassed $1 billion in the first half of this year

Tech Gist Africa by Tech Gist Africa
07/11/2021
in Cryptocurrency, The Big 5
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Customers spent more than $1 billion on Visa’s cryptocurrency linked cards in the first half of this year, as the payments processor works to improve the efficiency of crypto transactions.

Customers will be able to exchange and spend digital currencies at 70 million shops around the world thanks to a partnership with 50 cryptocurrency platforms, according to the business.

The move is in line with Visa’s recent expansion of its digital currency acceptance.

The company stated in March that it would allow the USD Coin to be used to settle transactions on its payment network.

 

Read more on Tech Gist Africa:

The UK government has banned Binance, the world’s largest cryptocurrency exchange

Users will be able to withdraw Cryptocurrency from PayPal into third-party wallets

Bitcoin falls below $40,000 as a result of China’s recent crypto curbs, wiping out $270 billion from the cryptocurrency market

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