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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 79.6% 31 $43 820.10 1.39% 13.14% $857 334 806 631 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 76.8% 36 $2 361.38 0.41% 12.42% $283 880 573 853 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000299 0.02% -0.02% $90 362 643 646 USDT 7 days price change
4 XRP (XRP) XRP XRP predictions 82.4% 28 $0.681118 5.93% 10.95% $36 751 390 365 XRP 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 86.8% 18 $240.90 3.09% 5.40% $36 543 180 385 BNB 7 days price change
6 Solana (SOL) SOL Solana predictions 78.8% 39 $75.73 6.81% 22.25% $32 258 285 071 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000125 0% 0.01% $24 502 884 471 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 82% 37 $0.617471 27.74% 59.37% $21 808 674 474 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 75.2% 53 $0.101944 5.02% 21.08% $14 492 322 552 DOGE 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 72.4% 50 $32.71 20.35% 48.38% $11 963 701 556 AVAX 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 TRON (TRX) TRX TRON predictions 92% 7 $0.107625 1.58% 4.25% $9 521 831 874 TRX 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 94% 7 $0.107531 1.92% 4.08% $9 513 557 659 WTRX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 77.6% 38 $16.84 5.42% 6.77% $9 377 894 789 LINK 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 76% 38 $7.44 19.08% 34.95% $9 335 385 230 DOT 7 days price change

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