Visa: making digital currencies a mainstream payment option
Chief among its new focuses will be blockchain-supported digital currencies (DCs) or ‘cryptocurrencies’. Noting that what began over 10 years ago has progressed into the modern, fiat-based DCs now available today, the company appears convinced of their significance for finance moving forward:
“‘Stablecoins’ [...] have emerged as a promising new payment innovation, combining the benefits of digital currencies with the stability of existing currencies like the US dollar,” said Visa.
Digital currencies: shifting into the mainstream
Whereas before DCs were viewed as the domain of FinTechs and startups, Visa contends that more widespread adoption among traditional financial institutions and banks, as well as spikes in consumer and corporate interest seen three years ago, means that they are positively shifting into the mainstream.
In accordance with this assessment, the company has been establishing close links with DC exchange platforms such as and consumer-incentive apps like which reward highstreet shoppers with Bitcoin cashback.
By doing so it hopes to join DCs to its pre-existing network of 61mn merchants. So far, the company states, 25 digital wallets have linked to Visa, providing consumers with a fast and easy method to spend their digital money at any establishment accepting Visa payments.
“Similar to other digital wallets, digital currency wallets are looking to use the full range of Visa’s capabilities, including Visa Direct, which makes it faster and easier for consumers to convert digital currency and push those funds to their Visa credentials in real-time.
With its global efforts starting to pick up traction, the company is certainly moving towards its goal of not only making DCs more attractive but also establishing Visa as the best transaction platform for spending them.
However, cognizant of the fact that many regulatory authorities are still wary of DCs, particularly regarding consumer protection, Visa asserted that its ongoing strategy would be underpinned by three key values:
- Security: Comprising a focus on privacy, integrity and trust, Visa is taking a rigorous and uncompromising view on the protection of data.
- Taking an agnostic stance: The company reinforces that it will allow its support of currencies and networks to be shaped by the market and partner/client demand.
- Alignment with core capabilities: Visa will continue to make itself available to customers whenever they need it, working with diverse stakeholders to expand its capacity and bring qualitative improvements to customers.
The Ultimate FinTech & InsurTech LIVE Event
From October 12th-14th, 2021, BizClik’s FinTech & InsurTech live event will bring together influential executives from around the world. Live from London, this three-day event will be an excellent way to finish the year strong, gaining the confidence your company needs to move forward into the future.
With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, FinTech & InsurTech live will expand your network, deliver insight, and enhance your organisation’s reach. Events include a forum on financial services, discussions centred on racial equality and women in fintech, and APAC, EMEA, and US-focused sessions that capture insights from around the world.
The event will include:
- Keynote addresses from respected industry leaders
- Dynamic live roundtables (inc. Q&A)
- Fireside discussions
- Inspirational Speakers & Presentations
- Extensive networking opportunities
Scope Out the Agenda
This week, we’ll share our weekend schedule of events, filled with essential industry topics and keynotes replete with knowledge and insight. Here’s a rundown of the three-day schedule:
Kicking off at 10 AM with a welcome message from our CEO Glen White, the first day of FinTech and InsurTech Live won’t pull any punches. We discuss racial equality, inventive financial services, and cloud migration—and that’s just the morning lineup.
Later on, we’ll cover supplier diversity, AI digital transformation, and fintech sustainability, in addition to cloud and digital transformation in global insurance. Don’t worry—we have a networking lunch in-between events! Finally, we’ll close out the day with online banking, women in fintech, and a recap of Day 1.
First we’ll hear from Scott Birch, our expert BizClik Media Editorial Director and facilitator, live from the Fintech Leaders Stage. We then jump into the future of digital payments, unicorns, and digital insurance brokers. Interested in learning more about digital underwriting and digital payment solutions? You’ve come to the right place.
In the afternoon, we’ll touch on CX in insurance, host a forum on financial services, and discuss what the world might look like as a cashless society, plus the future of challenger and neo banks. Wrapping up, we’ll talk tech and AI in insurance, PayTech, and hear from a surprise inspirational speaker. But we’re not done yet.
As is only fitting, BizClik’s CEO, Glen White, will introduce our APAC sessions, highlighting the critical role that Asia will play in the future of fintech and insurance. Following his remarks, we’ll open up the floor for a chat about digital banking, discuss technology in APAC, and hear from Dipu KV in an iconic keynote address.
After a series of thought leaders and networking sessions, we’ll head into an EMEA-focused session, which includes an EMEA technology panel, a CDO keynote, and a Europe enterprise presentation. In fact, this day’s events span the globe. Next up is a USA regional keynote, followed by a US CIO presentation and talks about enterprise.
A final end-of-event farewell will close out the weekend, wrapping up a successful FinTech and InsurTech global event. Can’t miss it. We look forward to seeing you there!