Al Kelly, CEO of Visa, one of the largest payment companies in the world, spoke about cryptocurrencies in a podcast he attended. Speaking with Fortune CEO Alan Murray, Kelly said that he thinks the cryptocurrency industry will grow much more in the next 5 years.
Stating that the industry does not ignore the possibility of being a temporary fad, VISA CEO used the following statements:
“What I love most about the work we do is that we don’t pick winners and losers. We’re sitting here talking today and I don’t know where the cryptocurrency industry is going. It can also be a passing fad, and that’s okay with us. Or it could be extremely popular. I’m not smart enough to know that. All I know is that VISA is right in the middle of all these developments…”
“If it gets popular, we have to be prepared to get our share”
Stating that they think that cryptocurrencies will be popular in the coming period, Kelly said that they want to be prepared for this:
“If the cryptocurrency industry takes off and we want to get our fair share of this massive volume, maybe even more. We do our work accordingly. We want to be prepared. I think we did good work, we got off to a good start. “
Stating that he sees Bitcoin as digital gold, Kelly said that they are working intensively on the instant conversion of cryptocurrencies to fiat money. Visa CEO stated that stablecoins will also become a very important element in payments.
As it will be remembered, the company recently announced that it is working to provide crypto money support to banks in Brazil, the largest country in South America.
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