In Brazil, Visa is said to be working on integrating Bitcoin payments

Syed AhadWeb Editor

07th Sep, 2021. 08:27 pm

An executive from Visa Brazil discusses intentions to integrate crypto assets such as Bitcoin into the payments platform.

In the latest interview, Eduardo Abreu, vice president of new business at payments giant Visa, publicized the company’s intent to participate crypto assets onto its platform for equal payments and as a store of value, with the foremost cryptocurrency, Bitcoin (BTC).

In the interview, Abreu shared his certainty that more adoption will need the integration of traditional banking activity in the crypto ecosystem so that clients can transact with sanction and crypto within an equal environment.

There was no exact date of the launch, but it is generally probable in the coming months.

Abreu said, “The great advantage of adopting Bitcoin is, without a doubt, its ease. Without needing to exchange a fiat currency, there is an optimization of exchanges when using Bitcoin,”.

Along with this service, Abreu also recommended the prospect of clients receiving cashback in crypto:

“Brazilians already have the culture of receiving card points, miles, discounts, etc. Why not receive cryptocurrencies with their credit card as well?”

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