Visa’s embrace of crypto is starting to pay off
These days, virtually all financial services companies are bracing for technological disruption that promises to upend business as usual. Banks know that going branchless and online-only is the future, while brokerages are trying to “democratize” investing with easy-to-use trading apps and algorithm-based robo-advisors.
Visa is well aware of this. Despite a market capitalization of more than $500 billion, the payments behemoth is trying to reposition itself accordingly. In a world in which mobile wallets and real-time payments—from PayPal to the Federal Reserve’s instant settlement network—threaten traditional cash and card transactions.
