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Visa is partnering with over 50 crypto companies to allow clients to spend and convert digital currencies


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https://markets.businessinsider.com/currencies/news/cryptocurreny-payments-visa-partnership-clients-spend-convert-digital-currencies-2021-7

Visa on Wednesday announced that it is partnering with over 50 cryptocurrency companies including FTX and Coinbase to allow clients to spend and convert digital currencies through its card program.

The partnership will make it easy for clients to convert and spend digital currencies at 70 million merchants worldwide, even those that do not accept digital assets.

"The merchants don't have to change anything," Cuy Sheffield, Visa's head of cryptocurrency, told Insider. "It will be the same as any other Visa transaction to them. But on the backend, the crypto assets are instantly converted into fiat."

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