Visa to Support Clients through Crypto Advisory Services

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A NYSE-listed firm, Visa today announced the launch of its Global Cryptographic Advisory Practice, a proposal within the company’s Consulting and Analysis (VCA) designed to support clients and partners to advance their journey in the crypto market.

The latest research conducted by the financial services provider shows that awareness of cryptocurrencies among global financial decision makers has greatly increased in 2021. Visa outlined the growing use of digital currencies in the current financial sector.

Visa’s announcement came nearly 5 months after the company reported a sharp rise in card-linked spending. According to a CNBC article, Visa’s crypto-linked card usage exceeded $ 1 billion in the first half of 2021.

“We came to Visa to learn more about digital currency and the most important use cases for various business lines as we serve our customers in the years to come.” said Uma Wilson, executive vice president, chief information officer and product manager at UMB Bank. “VCA has helped us begin to explore a roadmap of strategy – from product and partner selection to cross-functional considerations such as Technology, Finance, Risk and Compliance.”

Cryptographic Report

Visa’s recent cryptocurrency research has highlighted some important developments in the digital currency market. According to the company, almost 33% of respondents were directly involved in the crypto market. Moreover, almost 40% of surveyed crypto owners mentioned that they would like to switch to a bank that offers crypto products in the next 12 months. The survey includes more than 6,000 decision makers across 8 key markets, including Argentina, Australia, Brazil, Germany, Hong Kong, South Africa, the United States and the United Kingdom.

“Crypto represents a technological change for money and digital ownership,” said Terry Angelos, SVP, and global leader of fintech, Visa. “As consumers change their approach to investing where they bank, and their views on the future of money, every financial institution will need a crypto strategy.”

A NYSE-listed firm, Visa today announced the launch of its Global Cryptographic Advisory Practice, a proposal within the company’s Consulting and Analysis (VCA) designed to support clients and partners to advance their journey in the crypto market.

The latest research conducted by the financial services provider shows that awareness of cryptocurrencies among global financial decision makers has greatly increased in 2021. Visa outlined the growing use of digital currencies in the current financial sector.

Visa’s announcement came nearly 5 months after the company reported a sharp rise in card-linked spending. According to a CNBC article, Visa’s crypto-linked card usage exceeded $ 1 billion in the first half of 2021.

“We came to Visa to learn more about digital currency and the most important use cases for various business lines as we serve our customers in the years to come.” said Uma Wilson, executive vice president, chief information officer and product manager at UMB Bank. “VCA has helped us begin to explore a roadmap of strategy – from product and partner selection to cross-functional considerations such as Technology, Finance, Risk and Compliance.”

Cryptographic Report

Visa’s recent cryptocurrency research has highlighted some important developments in the digital currency market. According to the company, almost 33% of respondents were directly involved in the crypto market. Moreover, almost 40% of surveyed crypto owners mentioned that they would like to switch to a bank that offers crypto products in the next 12 months. The survey includes more than 6,000 decision makers across 8 key markets, including Argentina, Australia, Brazil, Germany, Hong Kong, South Africa, the United States and the United Kingdom.

“Crypto represents a technological change for money and digital ownership,” said Terry Angelos, SVP, and global leader of fintech, Visa. “As consumers change their approach to investing where they bank, and their views on the future of money, every financial institution will need a crypto strategy.”

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