Visa CEO: "We have been preparing for the use of stablecoins for years... Full-scale adoption is expected"
Summary
- "Visa announced that it has been preparing for the use of stablecoins for several years."
- "Following the passage of the stablecoin regulatory bill in the U.S. Senate, Visa stated it plans to expand the adoption of stablecoins in its global payment network."
- "Visa emphasized that stablecoins can be used as a payment method within its network and that it will support their proliferation by leveraging its infrastructure."
According to The Daily Hodl, a cryptocurrency-focused media outlet, on the 24th (local time), Visa CEO Ryan McInerney stated in a CNBC interview that "Visa has been preparing for ways to utilize stablecoins for several years" and added, "Now is the time to actively drive innovation."
He continued, "Recently, the Genius Act, a stablecoin regulatory bill, was passed in the U.S. Senate and is expected to pass smoothly in the House as well," explaining, "Based on this, we plan to expand the adoption of stablecoins in our global payment network."
He also emphasized, "If there is sufficient demand for stablecoins globally, it will be possible to use them as a payment method within the Visa network," and "If necessary, we will mobilize all infrastructure to support the spread of stablecoins."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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