Visa Responds to Report That Its Crypto Plans Are on Maintain

• Cuy Sheffield, Visa’s head of crypto, stated the corporate continues to be working with crypto corporations.
• Visa (NYSE:) believes that stablecoins have the potential to play an vital position within the funds ecosystem.
• Visa had signed a partnership with FTX a month earlier than it collapsed.

Regardless of the latest wave of bankruptcies within the trade and the looming regulatory considerations, cost companies large Visa continues to be bullish on crypto.

Responding to a report by Reuters that stated that Visa is pausing its crypto efforts, Cuy Sheffield, head of crypto at Visa, stated that the corporate continues to work with crypto corporations.

“We proceed to accomplice with crypto corporations to enhance fiat on and off ramps in addition to progress on our product roadmap to construct new merchandise that may facilitate stablecoin funds…

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