Visa Announces New Crypto Consulting Service For Merchants And Banks

　　Visa's new crypto consulting services to push for standard reception of cryptocurrencies.

　　Payments goliath Visa is dispatching new consulting and warning services in a transition to assist its clients with exploring the universe of cryptocurrencies.

　　The firm said on Wednesday that its crypto warning practice, housed inside its consulting and analytics division, will offer exhortation to financial establishments, retailers and different firms on everything from carrying out crypto includes and investigating nonfungible tokens to creating wallets for national bank computerized monetary standards.

　　According to Visa, part of banks interest in cryptocurrencies is in remaining competitive. Citing a recent in-house study, Visa said that “40% of crypto owners surveyed report they would be likely or very likely to switch their primary bank to one that offers crypto-related products in the next 12 months.”

　　Per Reuters, American financial services organization UMB is a customer of Visa's crypto warning services.

　　“We came to Visa to learn more about crypto and stablecoins and the use cases that are most relevant for our retail and commercial business lines,” said Uma Wilson, executive vice president of UMB Bank.

　　The move denotes Visa's most recent endeavor to push further into the cryptocurrency business, with the firm having petitioned for quite some time related licenses previously. Visa's examination group is likewise dealing with a “Universal Payment Channel” project, which is a blockchain interoperability center interfacing different blockchain networks and permitting advanced resources for move from different conventions and wallets.

　　Visa is one of the numerous payments processors that has entered the cryptocurrency business lately. Its opponent, Mastercard, as of late carried out crypto-connected payment cards all through the Asia-Pacific locale, while online payments monsters PayPal dispatched a new shopper application for crypto, investment funds and direct stores recently.

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