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Visa reports over $1 billion in crypto spending in H1 2021


08 Jul 2021

#Bitcoin

Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said in its latest crypto update. In an official statement on Wednesday, Visa announced that its crypto-enabled cards processed more than $1 billion in total spending in the first half of 2021. The company noted that Visa is partnering with 50 major companies in the crypto industry as well as crypto card programs enabling users to convert and spend digital currency at 70 million merchants worldwide. Given the size of spending on Visa crypto-linked cards, the company said that “it’s clear that the crypto community sees value in linking digital currencies to Visa’s global network.”

Visa emphasized that its digital currency support does not require global merchants to accept cryptocurrencies like Bitcoin (BTC) directly though. As previously reported, Visa has been working with major crypto players like cryptocurrency exchange platform Crypto.com to enable a crypto settlement system for fiat transactions. The company has also been closely working with other major crypto companies like FTX exchange, Coinbase, CoinZoom, and others.

The firm also stated that stablecoins — cryptocurrencies pegged to the value of other assets or fiat currencies like the United States dollar — are “starting to live up the promise of digital fiat,” outlining its developer-friendly features combined with the reliability of fiat-backed reserves.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 62.4% 76 $23 195.66 -1.29% -1.50% $447 262 989 624 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 69.2% 57 $1 649.37 -2.09% 2.18% $201 839 732 133 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000217 0.01% 0% $68 079 422 781 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 79.6% 38 $328.36 -0.90% 4.32% $51 848 565 385 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999942 -0.01% -0.03% $41 988 565 849 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 74.8% 42 $0.404201 -2.02% -1.97% $20 533 036 252 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $0.999723 -0.07% -0.02% $16 253 765 776 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 69.2% 64 $0.393348 -2.60% 1.16% $13 613 460 494 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 74.8% 51 $0.092617 -1.65% 3.10% $12 287 566 308 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 68% 67 $1.21 -2.86% 1.52% $10 591 629 612 MATIC 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 Solana (SOL) SOL Solana predictions 56.8% 86 $23.67 -4.58% -3.57% $8 819 921 992 SOL 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 67.6% 73 $0.000014 1.35% 19.81% $7 914 712 336 SHIB 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 67.2% 66 $6.70 -4.41% 1.44% $7 726 491 964 DOT 7 days price change
15 HEX (HEX) HEX HEX predictions 70% 60 $0.041030 -11.76% 52.80% $7 114 999 412 HEX 7 days price change

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