Despite the fact that it is just a little more than a decade old, Crypto has exploded in popularity in its short time in the public eye. Cryptocurrencies have surpassed Apple and Microsoft in terms of market capitalization, with a total market capitalization of over $2 trillion. In recent years, adoption has followed the same pattern. The number of persons investing in cryptocurrency is currently estimated to be just around 10% of the global population.
Crypto is expected to reach mainstream usage in the next five years, based on comparisons to the emergence of revolutionary technologies such as the internet. As a result, payment giants such as Visa, PayPal, and MasterCard have all established crypto strategies to position themselves at the forefront of this new payment method. Cryptocurrencies’ future is undeniably bright, according to the titans. Giving them everyone a motive to expand their platforms in order to support these new currencies.
In recent years, Visa has taken significant measures toward total crypto and blockchain support. According to Visa CEO Alfred Kelly, if cryptocurrencies become as huge as everyone thinks, Visa wants to be there in the middle of it.
CEO Alfred Kelly appeared on the “Leadership Next” podcast with Alan Murray, CEO of Fortune, to discuss the future of cryptocurrencies. Kelly shared his predictions for where cryptocurrency would go in five years. Cryptocurrency, according to the CEO, might become “very popular.”
Bitcoin is considered as the digital successor of gold, according to CEO Alfred Kelly. As a result, the organisation was attempting to make cryptocurrency purchases and conversions possible. Visa intends to make it possible for users to change their cryptocurrencies into fiat currency in a smooth manner. Kelly went on to say that the organisation was focusing on using crypto to move money rather than only for payments.
“If it takes off and we get our fair share or more of the volume because we anticipate that it could possibly take off and become a big business, we certainly want to be prepared for that, and I think we’ve got off to a great start,” Kelly said
Visa has long implemented solutions to bring blockchain and crypto services to its customers. The payments giant also boasts various partnerships with crypto companies that have seen them implement crypto debit cards for customers to spend their crypto. The company is also integrating blockchain solutions to enable faster and more efficient transactions on its platform.