CEO Alfred Kelly said in a conference call on fiscal second quarter financial results that Visa is “extremely
CEO Alfred Kelly said in a conference call on fiscal second quarter financial results that Visa is "extremely well-positioned" in the digital asset space.
Kelly mentioned elements of the firm's broader cryptocurrency plan, including the ability to buy and spend digital assets, associated APIs for financial institutions, stablecoins and CBDC settlement.
"So our focus is on five different opportunities that we see in this space. And I would say that this is a space that we are leaning into in a very, very big way and I think are extremely well-positioned," noted the Visa CEO.
Regarding CBDC, he said that the company is in talks with central banks to develop this type of assets.
"So we're talking to central banks about the criticality, though, of public-private partnerships, and in particular, the criticality of acceptance because for these central bank digital currencies, to have value, they're going to have to both be secure in the minds of consumers.