Is Visa Preparing a Crypto Revolution for Banks with VTAP?
Visa does not waste time when it comes to revolutionizing the crypto industry. With its latest tokenization initiative, the company is doubling down on integrating blockchain into the banking sector. This time, it makes a strong impact with its VTAP platform, aimed at helping banks issue tokens backed by fiat currencies. The goal: widespread adoption by 2025, in partnership with players like BBVA who are betting on Ethereum for the rollout
the pro-crypto Visa helps banks issue tokens
Visa is not just a payment giant, it’s now a major player in the crypto world, and it wants to democratize Ethereum. With the launch of its Visa Tokenized Asset Platform (VTAP), the company takes a giant step toward banking integration of blockchain.In practice, this platform will allow banks to create, transfer, and exchange digital assets backed by fiat currencies, all on public and private blockchains.
