Visa CEO Al Kelly has reconfirmed that the payments platform is still committed to offering cryptocurrency payments and onramps for customers in the Visa first-quarter earnings call earlier in the week.
Kelly: Visa well-positioned to thrive in cryptocurrency
Kelly’s comments were evidence that the payments service provider has its eyes on the crypto prize for the long-term future. Not only is the firm still committed to remain a player in the sector, but it believes that it is in the right position to encourage users to the industry and pursue the wider adoption use-case of the market. As Kelly said, according a transcript:
“We believe that we are uniquely positioned to help make cryptocurrencies more safe, useful and applicable for payments,” by virtue of Visa’s size, integrations, and brand recognition.”
Bitcoin’s store of value
Kelly divided the way Visa is classifying blockchain assets:
- Cryptocurrencies that represent new financial assets (such as Bitcoin) which serve as a store-of-value, and
- Stable tokens which are pegged directly to existing fiat currencies and used more routinely for payments and transactions.
To offer support for the first category store-of-value tokens, Kelly noted that Visa’s aim is to offer on-ramp services so that customers can purchase and hold the tokens:
“Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto our Visa credential to make a fiat purchase at any of the 70 million merchants where Visa is accepted globally.”
Visa bullish on stablecoins
On the other side of the coin, Visa’s approach to the future of the stablecoins stands as optimistic, with the firms suggesting that the potential for digital currencies offers a lot more use-case. According to Visa, cryptocurrencies are an “emerging payments innovation that could have the potential to be used for global commerce, much like any other fiat currency.”
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Investing in stocks is a common practice for most people. To invest is to put money into the hope of eventually having some return in the near future. In stock-market trading, the trader hopes that the value of a share will rise over time. If it rises, the trader makes a profit. If the stock falls, then the trader loses money.
This form of investment has been around since the days of English knights and merchants. It is still very much in use today by some of the same investors. A lot of smaller investors prefer buying and holding shares, rather than investing in one particular company. Holding on to stock for a long period of time gives these investors the advantage of seeing a steady increase in the value of their shares. They have the potential to gain a greater return on their investments.
There are many ways of investing. You can opt for short-term or long-term investments. Short-term investments are those that are paid out within a few weeks or months. These include checking and savings accounts, money market accounts and certificates of deposits.
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There are also different investment vehicles such as futures, options and commodities. The purpose of these types of investments is for short-term gain. Most of these investments pay lower interest rates than most long-term investments. Some of the best option investments include the options trading market and commodity markets. Commodity markets include oil, natural gas and gold.
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One of the most popular forms of investment today is a portfolio comprised of stocks, bonds, money market instruments, international bonds, commodity funds and bond funds. The value of any given portfolio is based upon the current value of all the investments. Individual stocks and bonds typically belong to a particular investment category. A mutual fund is made up of several different types of investments. Some mutual funds are concentrated on specific types of investments, while others are general all-purpose investments.
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An investment can refer to any mechanism used for generating future income from an existing asset. Investments in stocks and bonds generate regular income. These investments are typically used as collateral for loans. Investments in real estate property, on the other hand, are more complicated since the profit or loss generated from the sale of a property is related to the value of the property and the overall performance of the real estate market.