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VISA CEO Says Bitcoin is Like Digital Gold During Q2 Earning Call

Finance

coingape.com 29 April 2021 16:46, UTC
  
Reading time: ~1 m

VISA, the payment processing giant today had a Q2 earnings call where the firm talked about various aspects of their growth and roadmap in the coming quarter, however, the most significant aspect was the discussion around cryptocurrencies and companies’ plans of enabling crypto purchase through their network. During the discussion, President and CEO Alfred Kelly divided the cryptocurrencies into two segments one being Bitcoin and the other being stablecoins and CBDCs. He said,

“there’s two market segments as we see it. One is bitcoin, the kind of assets which are primarily held by people. We kind of think of them as the digital gold … And then there are digital currencies, including CBDCs and stablecoins.”


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