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Visa to bring cryptocurrency services to Brazil’s traditional banks
Visa is planning to bring cryptocurrency services to traditional banking platforms in Brazil, including investments in cryptocurrencies and ETFs with no intermediates and cryptocurrency payment cards.
The company is also hinting at a possible direct integration of bitcoin in payments were no intermediary exchanges bitcoin for fiat money.
Among several companies that Visa is working with to issue cryptocurrency cards are Zro Bank, Alterbank, and Rippio, which will allow users to connect these to bank accounts.
Eduardo Abreu, Visa’s vice president of new business in Brazil, did not specify a possible ETA for these developments.
Visa also revealed that their system for a B2B oriented blockchain that will allow payment settlement among companies using smart contracts is already being tested in phases with some of their customers.
This B2B system would enhance payment transparency among providers and suppliers.
Abreu added that there was also an NFT initiative in the works for Brazil.