While many countries including the United States are using cryptocurrency, many countries like India are banning cryptocurrency trading. Thus investors are unable to invest with full confidence and confidence.
Visa has announced that it will no longer accept USD Coin cryptocurrency payments on its network. Trading through crypto will grow as a global financial institution just as Visa enters the crypto payment platform.
Visa approval for USD coin
The USD coin is a standard cryptocurrency, directly valued in US dollars. Visa has created a site named Crypto.com for cryptocurrencies. It has now decided to accept the USD coin payment.
It plans to launch a payment service with more than 5 cryptocurrencies through the cryptocurrency site by the end of this year.
Permission from major companies
Recently, several financial services companies such as Bank of New York Mellon, Blackrock Inc. And MasterCard has started accepting cryptocurrencies. Currently Visa is part of the alliance.