- Visa (NYSE:V) said its crypto-linked card usage exceeded $1 billion in the first 6 months of 2021.
- Moreover, Visa compared this year’s spending with that of 2020 and 2019.
According to Visa, crypto-linked card usage exceeded $1 billion in the first 6 months of 2021.
On Wednesday, Visa noted that consumers globally spent more than $1 billion worth of crypto on goods and services through their crypto-linked cards in the first half of 2021.
As a result, this is a positive result for the company that has initiated partnerships with many crypto operators. This includes Coinbase, Binance, Crypto.com, and many more.
Moreover, Visa compared this year’s spending with that of 2020 and 2019. The firm said that in the years 2020 and 2019, the crypto-related spending at that time was only a fraction of today’s amount.
In an interview, Visa CFO Vasant Prabhu said,
We are doing a lot to create an ecosystem that makes cryptocurrency more usable and more like any other currency. People are exploring ways i...This article was first published on coinquora.com