Visa's head of crypto Cuy Sheffield denies Reuters's report that visa pauses crypto push in wake of industry meltdown. 

Earlier today, Reuters reported  "both Visa and Mastercard have decided to push back the launch of certain products and services related to crypto until market conditions and the regulatory environment improve".

Cuy Sheffield said the report is inaccurate. he stated:

"We continue to partner with crypto companies to improve fiat on and off ramps as well as progress on our product roadmap to build new products that can facilitate stablecoin payments in a secure, compliant, and convenient way."

"Despite the challenges and uncertainty in the crypto ecosystem, our view has not changed that fiat backed digital currencies running on public blockchains have the potential to play an important role in the payments ecosystem". Sheffield added.