Visa has sealed a new collaboration with dtcpay, a Singapore-based digital payment outlet. The integration aims to boost crypto payment options and related services on Visa. Hence, it marks a significant step for the payment platform's crypto expansion journey.
With the latest partnership, Visa’s over 130 million customers across 200 nations will enjoy access to new crypto trading services, which invariably translates to a wholesome experience.
Relaying the news to followers on X, Cuy Sheffield, Head of crypto at Visa, remarked: “Excited to partner with dtcpay to launch the dtcpay Visa Infinite card program that enables merchants to accept stablecoin payments from a growing segment of ultra high net worth customers in Singapore.”
Excited to partner with @dtc_pay to launch the dtcpay Visa Infinite card program that enables merchants to accept stablecoin payments from a growing segment of ultra high net worth customers in Singapore.https://t.co/gHnChVhL9P
— Cuy Sheffield (@cuysheffield) September 18, 2024
Exciting Opportunities for Individuals and Businesses
As part of the agreement details, Visa will release the dtcpay Visa Infinite card. With the card, users will seamlessly swap cryptocurrencies for fiat currencies. The implication of the whole conversion idea is to make cryptocurrencies more accessible and realistic.
Aside from merely swapping assets between cryptocurrencies and fiats, there were provisions for crypto-minded individuals and businesses to boost their engagement with cryptocurrencies via ultra-high network solutions.
Top Visa and dtcpay Executives Speak on the Collaboration.
Singapore’s Visa manager, Adeline Kim, highlighted the significance of the integration, particularly for users. Per the manager, Visa hopes to revolutionize the payment system involving cryptocurrencies by affording them flexibility, convenience, and security.
Similarly, Alice Aliu, a Chief Executive Officer (CEO) and co-founder at dtcpay, spoke about the integration. According to the CEO, the Visa and dtcpay integration will bridge the gap between digital and conventional payment systems. Consequently, it tends to serve as an alternative to traditional payment methods while driving global crypto adoption.
Crypto adoption has surged considerably recently, and most firms are following the trend. In one of our previous news articles, Switzerland's fourth-largest bank, Zurich Cantonal Bank (ZKB), announced its intention to establish trading options for users transacting with Bitcoin and Ethereum. Meanwhile, UPay, a fast-growing payment platform, has been in the payment system. The outlet enables transactions, including purchase, swap, and send, whether online or offline, via a single dashboard.
