2 weeks ago
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Visa has expanded its crypto footprint by partnering with Singapore’s dtcpay, integrating their digital payment solutions into Visa’s global payment network.
Key Notes
Visa partners with dtcpay to launch the 'dtcpay Visa Infinite' card.This collaboration allows users to fund their cards with fiat, making digital assets more accessible for everyday use.Visa and dtcpay are celebrating their partnership with "The Voyager: Tomorrow’s Payments, Today" event on September 18..American multinational payment card services company Visa has expanded its presence in the crypto industry with a new partnership. It has joined hands with dtcpay, a Singapore-based payment service provider, to integrate dtcpay’s digital payment solutions into its extensive global payment infrastructure, which encompasses over 130 million merchants across 200 countries.
As part of the agreement, Visa will roll out the ‘dtcpay Visa Infinite’ card, allowing users to seamlessly convert cryptocurrencies into fiat currencies. Customers will be able to fund their cards with these fiat currencies, making crypto payments more accessible and practical. This integration not only simplifies the payment process for users but also opens new avenues for businesses and individuals seeking to engage with cryptocurrencies.
Interestingly, the duo is celebrating this partnership by hosting “The Voyager: Tomorrow’s Payments, Today” event in conjunction with TOKEN2049 and dtcpay’s fifth anniversary. Scheduled for September 18 at Lantern, the event will serve as a platform to showcase the future of digital payments.
Adeline Kim, Visa’s Singapore Manager, emphasized the importance of this partnership in enhancing the payment experience. According to her, Visa aims is to redefine the payments landscape and provide users with greater flexibility, security, and convenience while engaging with cryptocurrencies.
The strategic alliance between Visa and dtcpay also seeks to cater to ultra-high-net-worth individuals and businesses.
Alice Liu, the CEO and co-founder of dtcpay, explained how her company’s collaboration with Visa would help “bridge the gap between digital payments and traditional finance”. Liu adds that this move is an important step in driving the widespread acceptance of digital currencies, further establishing a reliable alternative to conventional payment methods.
Visa’s Crypto Initiatives
The tie-up with dtcpay is just one of Visa’s recent initiatives in the crypto space. The payment giant has been actively engaging with the crypto industry to remain at the forefront of technological advancements. Among its notable efforts are various cryptocurrency-linked cards, including the prominent Crypto.com Visa Card.
Visa has also established a dedicated crypto team that works with multiple companies to develop cards that allow customers to use digital currencies at local merchants. Cuy Sheffield, who leads Visa’s crypto division, is a well-known presence at blockchain conferences.
Earlier this year, Visa collaborated with Tangem, a Swiss crypto hardware wallet maker, enabling Tangem users to make payments using the digital assets stored in their wallets. Additionally, Visa joined hands with Transak to facilitate global crypto withdrawals.
Meanwhile, Visa’s rival, Mastercard, has also been making strides in the digital currency sector. Just this month, it collaborated with blockchain payment provider Mercuryo to introduce a euro-denominated debit card for non-custodial crypto spending. Additionally, in July, the payment giant partnered with MoonPay, a platform specializing in crypto and NFT payments, to explore the potential of blockchain technology in enhancing customer engagement and loyalty.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
