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Crypto Insider: Don’t Belief Visa
Visa – which controls round 80% of the worldwide card funds market – is transferring into crypto consulting. The corporate plans to advise purchasers who need to navigate the world of crypto. And it already has a financial institution signed up – UMB Financial institution in Kansas Metropolis. Most bafflingly, Visa claims it desires to assist drive mainstream adoption of cryptocurrency.
There are two methods to take a look at Visa coming into the crypto market.
- It’s an indication of validation. If the omnipotent Visa is embracing crypto, that should imply crypto is coming into the mainstream.
- It’s an indication that one thing may be very mistaken. Crypto is supposed to dismantle Visa. So why would Visa embrace it?
We’re leaning towards the latter, extra skeptical outlook. On this episode of Crypto Insider, Vin Narayanan and Andy Gordon talk about Visa’s potential play to co-opt the crypto community, the crypto neighborhood’s historical past of being tethered to main banks, the damaged system of card cost charges and extra.
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