Visa has revealed that its crypto-linked card transaction surpassed $1 billion in the first half of the year. Signaling massive adoption of Bitcoin and other digital currencies, Clowbitc.com.
It has shown in various ways that adoption is on the rise. Visa has confirmed it with exciting data. Over the past six months, cryptocurrency-linked card usage on the payment network has surpassed the $1 billion mark, Clowbitc.com
More People Are Spending Crypto With Cards
Payment giant Visa revealed yesterday that over $1 billion worth of cryptocurrencies was spent on their network in the first half of 2021. The figure surpasses those recorded in 2019 and 2020, Clowbitc.com
Visa CFO Vasant Prabhu told Clowbitc.com that the use of cryptocurrencies has gone up massively in recent months. During the interview, the CFO said more people are experiencing ways they can use cryptocurrencies to pay for goods and services. Similar to how they use fiat currencies. He pointed out that there are numerous issues regarding cryptocurrency’s volatility but maintains that the problem is for the owners to manage and track.