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This time last year, Visa described its cautiously optimistic blockchain & crypto strategy:
“In terms of…blockchain and crypto, it's, as far as we see, it's still early days, still emerging technologies. But as we've said in other venues, we see the potential for blockchain. We see the potential for stablecoins…And we'll see how they play out in the market. And if there's things to scale, we want to be part of that.” — CEO Ryan McInerney, Q2’23 earnings call
Though crypto hasn’t been a topic of conversation on their most recent earnings calls, payments leaders are quietly continuing to make moves in the space.
For example, Transak, a payment infrastructure provider for crypto and NFTs, joined Visa Direct’s network to streamline crypto-to-fiat transactions globally for its users, as highlighted by CBI’s business relationship insights.
