Financing Giants Look Towards Crypto as a Regular Payment Currency

A James Madison College graduate in Harrisonburg, Virginia, William Adam Boyd is the CEO of VeriPay. As a member of the Electronic Transactions Association (ETA), William Adam Boyd is always on the lookout for emerging trends in crypto and financing.

Cryptocurrencies are gaining traction and offer a few benefits over fiat currencies. Cryptocurrencies offer near-instant transactions, lower fees than traditional payment processors, and built-in security through blockchain. These benefits will make cryptocurrencies likely one of the official currencies for other major payment processing companies.

VISA, one of the payment processing giants, has accepted crypto as a payment method in 2021. According to VISA, crypto payments could disrupt and revolutionize the $18-trillion consumer spending market. While VISA does not plan to add cryptocurrencies to their client’s datasheets, the payment processing giant is continuously building an ecosystem to leverage the advantages of cryptocurrencies. Mastercard, for example, is now allowing crypto rewards on their credit cards.