Visa remains committed to its Crypto strategy, according to a company spokesperson. Although digital assets have been hit by bear markets in recent months.
“At Visa, we don’t pick winners and losers,” the spokesperson said. “Our job is to support different ways of making payments and explore new technologies that could impact the future of payments. The focus is on increasing our core capabilities in the web3 infrastructure layer and evaluating the blockchain protocols that drive Crypto development.”
The statement came afterReuters report Claiming that Visa will “tap the brakes” on its plans for a new partnership with crypto companies, the press release states that Visa has “decided to postpone the launch of certain crypto-related products and services until market conditions and the regulatory environment.” better”
Visa’s head of crypto, Cuy Sheffield, responded to the report in a tweet.OClaiming that the Reuters story was inaccurate
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