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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 83.6% 28 $19 085.93 0.16% -4.86% $365 687 826 427 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 56 $1 330.59 0.20% -8.61% $163 019 868 487 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000069 0% 0% $67 959 400 501 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000044 0% 0% $49 716 689 539 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 86.8% 17 $278.60 -1.43% 0.09% $44 948 812 408 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 63.2% 72 $0.487123 -1.92% 25.79% $24 282 482 106 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.000499 0.07% -0.05% $20 527 487 034 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 82.4% 32 $0.459553 -0.29% -5.59% $15 730 121 389 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 81.6% 31 $33.92 0.34% 0.25% $12 029 202 620 SOL 7 days price change
10 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
11 Dogecoin (DOGE) DOGE Dogecoin predictions 87.6% 15 $0.062968 -3.83% 2.38% $8 353 974 589 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 74.4% 43 $6.33 -1.59% -9.61% $7 092 680 964 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92.4% 1 $0.999909 -0.04% 0.03% $6 928 506 678 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 70% 54 $0.760141 -1.47% -8.07% $6 639 314 367 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 77.2% 42 $0.000011 1.62% -3.95% $6 265 382 802 SHIB 7 days price change

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