Visa spokesman calls CBDC major trend in the payment industry

Visa spokesman calls CBDC major trend in the payment industry

Visa’s cryptocurrency division chief said central bank digital currencies (CBDCs) are the most important payment trend in the next decade.

According to Keye Sheffield, interest in this area is increasing, so governments will gradually study it, which will have a serious impact on geopolitics, finance, privacy of settlements, the integration of stablecoins and cryptocurrencies. Adding that this will happen regardless of our personal opinions as to whether it is good or bad.

Sheffield also said earlier that central banks are not interested in developing CBDCs for the public due to operational problems. However, Visa is actively interested in this area. For example, it recently became known that the company filed a patent application for digital currency to replace fiat money.

, RIA

Visa spokesman calls CBDC major trend in the payment industry

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