VISA has signaled its support of blockchain and digital currency. It is exploring different ways it can help legacy institutions integrate blockchain and digital currency. Digital currencies have the potential to extend the value of digital payments to a greater number of people and places.
It plans to do this by helping financial institutions, merchants, and consumers, implement the infrastructure they need to be compatible with digital currencies and blockchains that are in demand. Focus on data protection, consumer privacy and fairness, and full compliance with all applicable laws. It also promises to remain “currency- and network-agnostic” by supporting digital currencies and blockchain networks that are in demand, and make sure that everything is aligned.
Deep expertise in securing transaction data, working with diverse stakeholders, and maintaining an always-on network with continuous availability is being opted. Visa will pursue projects that allow us to apply this expertise to new networks and technologies that can benefit our existing clients and partners.