Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil – Bitcoin News – Bitcoin News

Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil – Bitcoin News – Bitcoin News


Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market and hinted at a possible direct integration of bitcoin in payments.

Visa Gears Up for Crypto Integration in Brazil

Credit card giant Visa has announced it plans to integrate cryptocurrency solutions into traditional banking platforms. Eduardo Abreu, Visa’s vice president of new business in Brazil, stated the company has plans to develop applications (APIs) to unite traditional banks with cryptographic products. In this way, it would be possible to make investments in cryptocurrencies and ETFs within banking platforms with no intermediates.

Visa also announced it is working with several national companies to issue cryptocurrency cards. Among these are Zro Bank, Alterbank, and Rippio, which will allow users to connect these to bank accounts. The Visa executive did not comment on a possible ETA for these developments.

B2B Developments, Direct Bitcoin Payments, and NFTs

Visa revealed that they are also working on a B2B (business-to-business) oriented blockchain that will allow payment settlement among companies using smart contracts. Abreu stated that the system was already in testing phases with some of their customers, and that the company would have more announcements in this regard in the future. This system would enhance transparency in payments
Source…