Coinspeaker Visa Partners with dtcpay to Expand Its Crypto Payments Network
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 dtcpayâs 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 âdtcpay Visa Infiniteâ 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 âThe Voyager: Tomorrowâs Payments, Todayâ event in conjunction with TOKEN2049 and dtcpayâs fifth anniversary. Scheduled for September 18 at Lantern, the event will serve as a platform to showcase the future of digital payments.Â
Adeline Kim, Visaâs 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 companyâs collaboration with Visa would help âbridge the gap between digital payments and traditional financeâ. 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.
Visaâs Crypto Initiatives
The tie-up with dtcpay is just one of Visaâs 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 Visaâs 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.Â
Meanwhile, Visaâs 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.
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Visa Partners with dtcpay to Expand Its Crypto Payments Network
