Visa Launches Crypto Consulting Services

Visa is launching new consulting and advisory services to help its clients navigate the world of cryptocurrencies. CNBC reports: The payments processor said Wednesday its crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out crypto features to exploring non-fungible tokens. The move marks Visa's latest attempt to push deeper into the crypto industry. From Oct. 1, 2020 to Sept. 30, 2021, the company processed $3.5 billion in digital currency transactions through its crypto-linked card schemes, according to Nikola Plecas, Visa's European crypto lead.

"Some of these leading exchanges have millions or, in some instances, tens of millions of users," Plecas told CNBC, adding that the company allows users to spend their crypto at over 80 million merchants. The company is also developing products geared toward stablecoins -- virtual tokens tied to the value of sovereign currencies, typically the dollar -- and central bank-issued digital currencies. Visa hopes its crypto consultancy can help further mainstream adoption of bitcoin and other digital currencies. Like rival Mastercard, the credit card giant sees cryptocurrencies as a key growth opportunity as it expands into areas beyond card payments.

Stablecoins are for taking profits, right?

[cayenne8]

I've slowly been trying to educate myself on crypto...mining (not as many apps available for OS X I've seen so far), and how to not only trade, but to stake your crypto and earn interest, etc.

I'm still very much in the noob learning phase, but it seems the way to make money off crypto is with the decentralized areas, and with true crypto....and when you hit a certain about of profit there, then you might move it to stable coins to retain profits due to the volatility of the "real" stuff.

Right now, I'm try

Re:Stablecoins are for taking profits, right?

[ELCouz]

Asking for crypto advice on Slashdot is like talking about adultery in Saudi Arabia.

Re:

[Gravis Zero]

It's fine so long as you're a man?

Re:

[meisdug]

I've slowly been trying to educate myself on crypto...mining (not as many apps available for OS X I've seen so far)

Get an asic. They're plentiful on ebay. You log in through a network interface, works with any operating system.

GAS prices

Look into Ethereum side chains and layer 2's. Solana, Polygon, xDai, even Binance Smart Chain even though transaction fees are slightly higher. But for those I first mentioned, transaction fees are often a fraction of a cent. Complex contract calls for farming and such are pennies rather than a hundred dollars on mainnet.

These are side chains though and require you to bridge funds to them and

Re:

[Anonymous Coward]

I've slowly been trying to educate myself on crypto

Anyway, anyone care to chime in?

You'll soon discover that it's the same type of game the 1% plays - expect this time that 1% is mostly a bunch of computer geeks... aka self-proclaimed "financial experts" [urbandictionary.com]

Crypto indeed

[Tablizer]

Their brochure is cryptic

Crypto is not Cryptocurrency

[djgl]

http://www.cryptoisnotcryptocu... [cryptoisno...rrency.com]

Re:

[real_nickname]

All language evolves. Yes, crypto used to refer to cryptography but it now usually refers to cryptocurrencies. It is not a big deal, this fight is really useless. Cryptography doesn't really needs a cool name to be useful...

Re:

[Misagon]

I think that using "crypto" for "cryptocurrency" is OK if-and-only-if the context is evident.
Using it too generically is not, and I see this too often.

Thanks for posting the domain. I'll be using it for rick-rolling when posting snide remarks on forums for now on (except on slashdot which always discloses the domain...).

Re:

[pilaftank]

According to the CDC (yes, that CDC), "Crypto" is a parasite.

https://www.cdc.gov/parasites/... [cdc.gov]

Parasites - Cryptosporidium (also known as "Crypto")

Cryptosporidium is a microscopic parasite that causes the diarrheal disease cryptosporidiosis. Both the parasite and the disease are commonly known as “Crypto.”

Apparently it can infect humans and be transferred between humans in a secure and decentralized manner even if nobody trusts the infected humans.

Re: Crypto is not Cryptocurrency

[VeryFluffyBunny]

In addition, chlorine, ultraviolet light & filtering don't get rid of it. You can catch it in swimming pools, water parks & even in heavily used lakes & rivers. It's the most common waterborne disease in N. America. It's not usually fatal but produces vile smelling diarrhoea & lasts a couple of weeks. The water usually gets contaminated when crypto sufferers selfishly go back into the water too soon. So, crypto's literally spread by vile selfish assholes too?

Visa?

[nospam007]

The company who raised their percentage 500% in the UK after Brexit?

Good luck with that.

Re:

[Martin S.]

That is what leavers voted for, what they said they understood, but clearly did not and when that was pointed out dismissed the warning as project fear and the messengers as traitors.

Brexit is a catastrophe everybody knows it but some people just cannot admit they got it wrong so blame others.

Crypto-therapy

[aaarrrgggh]

Originally read it as crypto counseling. Might be a better business

Will visa help me buy a burner phone?

[anwyn]

Somehow I don't think Visa will tell me how to buy a burner phone so that when I buy crypto at a crypto ATM, I can do so anonymously. They will not tell me to turn the burner phone off when not in use so it can not be tracked. They will not tell me to turn off my regular phone and go to another location when I turn on my burner phone so the two phones do not become "associated". I just do not think Visa has to corporate culture to tell me these sorts of things.