On Tuesday the latest episode of the Leadership Next podcast with Alan Murray and Ellen McGirt was published where they had a conversation with Visa CEO Al Kelly regarding cryptocurrencies and their position. We tell you!
Visa CEO Sees the Potential of the Cryptocurrency Market
As we have previously commented in CryptoTrend, over the last year cryptocurrencies have managed to attract the attention of the world and, beyond that, they have begun to be adopted by various types of investors.
Therefore, the podcast basically talked about Al Kelly and Visa’s position on cryptocurrencies.
So Alan Murray and Ellen McGirt asked Al Kelly, given the recent increase in the price of Bitcoin, what this meant for Visa’s business. In this regard, Kelly stated: “I would like to divide cryptocurrencies into two cubes. One is the most speculative asset and the other is digital gold. ‘
Of course, Bitcoin falls into the first category. Thus Kelly assured that in this regard they are working in the first place to enable the purchase through Visa.
And secondly, Kelly explained that Visa is working with some cryptocurrency wallets to allow Bitcoin to be translated into fiat currency and therefore immediately usable in any of the 70 million places around the world where it is used. accepts Visa.
On the other hand, the second category in which Visa divides cryptocurrencies are digital currencies. «There, we see great potential for them to become a new payment vehicle. In fact, it could be an accelerator in some of the emerging markets when we look around the world. “Kelly explained.
Potential in Stablecoins
Therefore, beyond Bitcoin, Visa sees incredible potential in Stablecoins. In fact, Kelly claimed to be working with many players in the latter category of digital currencies.
“There are about 35 different players we are working with,” he specified, clarifying that “these are currencies backed by fiat currency (stablecoins).”
Of course, in the interview, the CEO of Visa was asked the position of the company considering that cryptocurrencies are capable of reducing costs in a way that, until now, Visa, and no other competitor, has been able to achieve.
When asked, Kelly assured that he cannot assure or know to what extent cryptocurrencies will take off. However, he said that his duty as CEO of Visa is to ensure that the company is ready, “so that, if it takes off, we are in the middle of helping move that money.”
«If crypto takes off and we can get our fair share … or more of the volume because we anticipate this could take off and become a big problem, we certainly want to be prepared for that, and I think we are off to a very good start.», Explained the CEO of Visa.