Reuters, payment giants Visa and Mastercard cryptocurrency announced that it had made new agreements for payments. As Koinfinans.com, we shared this news with you yesterday. The companies announced that this news did not reflect the truth and that they were still interested in the sector.
“Recent failures have not changed our crypto strategy and we are focused on serving as a bridge for emerging platforms and technologies in the crypto ecosystem. “This is where we invest and plan to continue investing,” a Visa spokesperson told CoinDesk hours after the Reuters news broke.
In the article, which refers to people who are aware of the situation, Visa and MasterCardIt is stated that .
The report also alleged that both payment giants have decided to delay the launch of some cryptocurrency-related products and services until market conditions improve.
Visa“This story is untrue as it relates to Visa,” Cuy Sheffield, head of crypto and director of Cryptocurrency, said in a Twitter post. The executive stated that the company will continue to collaborate with crypto firms to “advance on our product roadmap to improve fiat on and off ramps and create new products that can facilitate stablecoin payments in a secure, compliant and convenient way.”
1/ This story is inaccurate as it pertains to Visa, here’s the reality 👇🏼https://t.co/oAEaj7MsX0
NEWS CONTINUES BELOW— Cuy Sheffield (@cuysheffield) February 28, 2023
Sheffield also acknowledged the “challenges and uncertainty” in the crypto industry, but underlined that his view that cryptocurrency has the potential to “play an important role in the payments ecosystem” remains unchanged.
Visa and Mastercard Continue Crypto Studies
Visa recently announced a long-term partnership with crypto payment platform Wirex to launch crypto-enabled cards in over 40 countries.
Koinfinans.com As we reported, Matt Wood, Visa’s head of digital partnerships in Asia, drew attention by commenting in a press release last month that “Visa wants to give consumers more payment options by connecting digital currencies to our network of banks and traders.”
Responding to the Reuters report, a Mastercard spokesperson explained to CoinDesk that the company still aims to “work with partners to bring relevant payment solutions and programs to market.”
According to the news of India Today, Mastercard recently announced that its users’ digital, physical and metaverse has partnered with Web3 payment protocol Immersve to enable them to make crypto transactions in Transactions will use USD Coin (USDC), a stablecoin pegged to the US dollar, and users will not need a third party for collateral. Immersve CEO Jerome Faury said the partnership with Mastercard is a “big step” towards the adoption of Web3 wallets.
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