The CEO of the world’s largest credit card company told shareholders on Tuesday that stablecoins and central bank digital currencies (CBDCs) will play a “meaningful role” in the payments space going forward.
The company also published its 2022 annual report, in which it wrote about its simultaneously complementary and competitive relationship with cryptocurrencies.
As explained by CEO Alfred Kelly during a conference call, Visa already has “multiple initiatives” underway in the blockchain space, and has invested many crypto funds and companies already.
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