Visa denied rumors about the suspension of participation in crypto projects – Bits Media

Visa payment giant said, which is not going to reduce efforts to develop cryptocurrency projects, Despite the difficult period for the scope of digital assets.

About that, that VISA and MasterCard firms suspend the development of initiative cryptocurrencies, Initially reported by Reuters. but, According to the head of the cryptocurrencies of Visa Kai Sheffield (Cuy Sheffield), This information is not true, although problems are observed in the cryptocurrency industry.

“Despite the difficult period for the scope of cryptocurrencies, Our views on the industry have not changed. We continue to count, that digital currencies, secured by fiat money and working on public blocks, They can play an important role in the global payment ecosystem ", - wrote Sheffield.

Note, that before the collapse of the FTX exchange, they, together with VISA, issued debit cryptocurrency cards, However, then the payment company broke the partnership. However, The company continues to cooperate with cryptocurrency projects.

“Recent large bankruptcies in the cryptocurrency sector show, that the industry should go a long way before, than digital currencies will become part of everyday payments and financial services. We are focused on the development of competencies in the field of Web3 and study various blockchains ", - said the representative of Visa.

Previously about that, that stables and state cryptocurrencies have every chance to take an important share in the payment sector, said the general director of Visa ali (Al Kelly).