Shorter Reads

Visa & Paypal announce changes supporting cryptocurrency transactions

Visa soon to allow transactions to be settled in USD Coin & PayPal to allow US customers to make payments for online purchases using cryptocurrency

1 minute read

Published 30 March 2021

Authors

Share

Key information

  • Specialisms
  • Business
  • Services
  • FinTech
  • Sectors
  • Financial services

There have been two very important announcements in the digital assets space made over the past 24 hours:

Firstly, owing to increasing demand from consumers, Visa will soon allow transactions to be settled in the cryptocurrency USD Coin (USDC). Traditionally, a customer would first have to convert their digital coins into fiat currency in order to transact. However, Visa will allow customers to transact directly with USD Coin via the Ethereum blockchain.

Also, later today (Tuesday 30 March 2021), PayPal will announce that is paving the way for US customers to make payments for online purchases using a variety of cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Litecoin (LTC).

These are important signals to the global financial system that cryptocurrencies can be genuine stores of value and that Ethereum is a legitimate platform on which to settle transactions.

Message us on WhatsApp

Related latest updates
PREV NEXT

Related content

Arrow Back to Insights

Shorter Reads

Visa & Paypal announce changes supporting cryptocurrency transactions

Visa soon to allow transactions to be settled in USD Coin & PayPal to allow US customers to make payments for online purchases using cryptocurrency

Published 30 March 2021

Associated sectors / services

  • FinTech
  • Financial services

Authors

There have been two very important announcements in the digital assets space made over the past 24 hours:

Firstly, owing to increasing demand from consumers, Visa will soon allow transactions to be settled in the cryptocurrency USD Coin (USDC). Traditionally, a customer would first have to convert their digital coins into fiat currency in order to transact. However, Visa will allow customers to transact directly with USD Coin via the Ethereum blockchain.

Also, later today (Tuesday 30 March 2021), PayPal will announce that is paving the way for US customers to make payments for online purchases using a variety of cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Litecoin (LTC).

These are important signals to the global financial system that cryptocurrencies can be genuine stores of value and that Ethereum is a legitimate platform on which to settle transactions.

Associated sectors / services

  • FinTech
  • Financial services

Authors

Need some more information? Make an enquiry below.

    Subscribe

    Please add your details and your areas of interest below

    Specialist sectors:

    Legal services:

    Other information:

    Jurisdictions of interest to you (other than UK):

    Article contributor

    Enjoy reading our articles? why not subscribe to notifications so you’ll never miss one?

    Subscribe to our articles

    Message us on WhatsApp

    Please note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.

    I accept Close

    Close
    Scroll up
    Get In Touch Print this page
    Collyer Bristow
    ExpandNeed some help?Toggle

    < Back to menu

    I have an issue and need your help

    Scroll to see our A-Z list of expertise

    Get in touch

    Get in touch using our form below.