07 Sep Visa plans to provide crypto services to traditional banks in Brazil
Crypto Integration in Brazil :- Visa, the international payment giant, announced that it plans to provide crypto services for traditional banking platforms in Brazil and that it is working with several crypto companies in the country to bring crypto payment cards to the market, and hinted at the possibility of integrating bitcoin directly into payments.
Visa Prepare for Crypto Integration in Brazil
Credit card giant Visa has announced plans to integrate crypto solutions into traditional banking platforms. Visa’s vice president of new business in Brazil, Eduardo Abreu, said the company plans to develop applications (APIs) to connect traditional banks with crypto products. Thus, it is possible to invest in cryptocurrencies and ETFs on banking platforms without intermediaries. Visa also announced that it is working with a number of national crypto card companies, including Zro Bank, Alterbank, and Rippio, to enable users to connect these cards to bank accounts. Visa executives did not comment on possible ETAs for these events. Crypto Integration in Brazil
B2B Developments Blockchain , Directly Bitcoin Payments, and NFTs Brazil
Visa said it is also working on a B2B (business-to-business) blockchain that will allow settlements between companies using smart contracts. The company will have more advertising. In this sense, in the future, this system will improve the transparency of payments between suppliers and suppliers, allowing everyone with access to the system to verify payments and funds. It will allow you to transfer bitcoins directly to other accounts. Crypto Integration in Brazil
This is completely different from what is happening now with most crypto tokens, where there should be an intermediary to exchange bitcoins for fiat money on the go. payment process and eliminate these middlemen. In March, the CEO of Visa Brazil announced that he plans to roll out the functionality later this year.
Abreu says there is also an NFT initiative in Brazil. Visa expanded its NFT pool by purchasing Cryptopunk, a digital avatar on the Ethereum network, in August for $165,000.
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