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Visa Now Enters Cryptocurrency Market after PayPal
Payment giants into crypto

Every day at every corner of the world, people have a choice in the way of spending money, whether they spend cash, checks, or using Visa or a local card, and new fintech platforms. Every day there is a choice for all in making payment but when cryptos are added to the list, it is the biggest revolution!

Payment giants Visa, Mastercard, and PayPal in recent years have had a turbulent association with bitcoin and cryptocurrencies (though have been softening their stances for some time). In 2018, all three firms break out in the wake of bitcoin's huge bull run for 2017 that pushes cryptocurrencies through the global headlines. 

Customers in the US (except HI) can buy, sell, and hold four different Cryptocurrencies on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. You can either withdraw cash to PayPal or sell crypto to your PayPal account.

This feature is available in the selected region, and if your region is supported for PayPal payouts, you will see an option to connect your PayPal account.

Trending in Social media
Today, with the likes of social media giant Facebook and Wall Street stalwarts like JPMorgan support for cryptocurrency with Visa, Mastercard and PayPal are gearing up to accelerate the next wave of bitcoin and blockchain growth and acceptance.
According to Visa, 18 trillion US dollars are still spending on currency, checks, and health problems because of Covid-19, more cashless businesses are forced into the business. The payment network organization also sees 1.7 billion unbanked or underbanked individuals worldwide as development goals.
One way Visa expects more customers to pay in the future is through cryptocurrencies such as Bitcoin, which this year has risen in value close to its present peak when more financial firms and buyers purchasing in.

Advancement in Digital currency
'The definition of digital money, or the digital equivalent of cash regulated by a private key,' Visa wrote in a blog post entitled, "Advancing our approach to digital currency”, this week. 
"We believe that digital currencies have the potential to extend the value of digital payments to a greater number of people and places. As such, we want to help shape and support the role they play in the future of money."

Visa quoted its creator, Dee Hock, who gave a 1996 speech to explain his establishment of Visa and to defend his pivot into cryptocurrencies with the same argument.

Hock said at the Extension National Leadership Conférence more than 20 years ago, 
"Money is nothing but alphanumeric data and it would become alphanumeric data not in paper form, but in a form of arranged electrons and photons. Through every electromagnetic continuum in an endlessly varied route, they will journey all over the world at the velocity of light"
The goal of Visa, Master Card, and Paypal
Visa points out that it wants to provide a bridge between digital currencies and our existing global network of 61 million merchants by trading currency and bitcoin reward applications for the Fold exchange sector.

Mastercard said this week, more recently that it extend its cryptocurrency program to facilitate companies in the room to issue their own payment cards, sign a deal with Wirex in London and thus become the first "native" cryptocurrency service provider to obtain key association and allow Wirex to directly transfer cards over the Mastercard network.

PayPal reputedly will continue to sell its 325 million customers cryptocurrency transactions that can be added to the famous Cash App, Square, and Robinhood payments systems.

The crypto world has encouraged the switch to Bitcoin and cryptocurrency by the biggest names.

"The frequent rise and rise in virtue of anything more unavoidable than anything in the worlds of technology and economics. so it is no surprise that the big payment players are being advantaged,” 
said Cory Klippsten, tech investor and developer of the Bitcoin purchase apps in Swan Bitcoin, via telegram, introducing Bitcoin and Crypto, suits optimally within the network of networks marketing platform of Visa

Potential of cryptocurrencies
According to Mati Greenspan, founder of Quantum Economics, a money management consultancy company, the latest moves by Visa, Mastercard, and PayPal spotlight the potential of cryptocurrencies.
"It seems that payment providers are taking a more neutral stance towards currency in general," reported Greenspan via email, partially because "central bank actions over the last few years and particularly the deliberate debasement of fiat currency."
More people are waking up to the power of cryptocurrencies lately and these major corporations that are the ripest for displacement are doing their best to get in front of it.

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