February 15, 2021 / Business

Visa Is Working On Mechanisms For Buying Cryptocurrencies From Cards


This information follows the publication of data on the company’s preparation for the launch of a crypto payment processing service.

The team of the international payment system Visa is working out schemes by which users of plastic cards will be able to buy cryptocurrencies. RIA Novosti writes about this with reference to the data received from the company representatives.

  • According to media, Visa is working on mechanisms for buying cryptocurrencies from cards for countries in which the acquisition of new financial instruments does not contradict the legislation. Recall that in Russia from January 1, 2021, digital assets received legal status.
  • As part of the initiative, Visa has partnered with First Boulevard neobank. The deal, according to company representatives, will open up the opportunity for holders of payment system cards to buy digital assets through the Anchorage crypto bank.
  • To enable Visa users to purchase cryptocurrency, the platform team intends to continue to enter into partnership agreements with representatives of the crypto industry. In particular, the payment system plans to cooperate with crypto wallet operators and crypto exchanges.
  • At the end of January, information appeared on the network that Visa could start processing cryptocurrency payments. Later, company representatives spoke about their intention to help banks integrate cryptocurrency trading services.

We will remind, earlier in the network there was information about the attitude of the head of the Bank of Russia Elvira Nabiullina to Bitcoin and traders from Reddit.

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