Visa's CFO Vasant Prabhu said the company will keep providing crypto services as long as there is interest in the asset class.
Visa’s CFO Vasant Prabhu said the company will keep providing crypto services as long as there is interest in the asset class.
The cards are already available in the United States and will reach other Asian, Latin America, and European nations soon.for CNBC, Visa’s Chief Financial Officer – Vasant Prabhu – noted that the ongoing crypto winter has not deterred the interest in digital currencies. Prabhu said Visa does not want to take a position on what the value of the cryptocurrency market would be in the long run or whether it is an appropriate investment instrument. However, he asserted that the company will provide digital asset services as long as people are intrigued by the sector.FTX’s Founder and CEO – Sam Bankman-Fried – commented that traditional payment firms should choose whether to embrace the crypto industry or “fight against it.
“Many of these things are potentially cool and valuable in the United States but more so when you look globally. That’s where you’ll find places with really poor alternatives for payment rails and huge demand for something better.”
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