Author: Val Zullia
Visa is one of the largest international payment systems in the world. The company is widely known for providing financial institutions with modern and secure financial services. Visa offers three main types of cards through its business partners: debit, credit, and prepaid.
Today, we will be reviewing the latest updates on the Visa payment system and how they can benefit our everyday living.
Covid-19 Test for VISA Users
Due to the situation in the world, the issue of health has become critical for everyone. As a result of this, Visa partnered with Collision (a travel experience and medical-support company) to provide Visa cardholders with a variety of inexpensive pre-trip Covid-19 testing options. Furthermore, Visa cardholders will be able to schedule a Covid-19 test at their preferred “in-city” clinic from a list of testing centers. Within 36 hours, consumers will receive a test certificate with their PCR test results. For quick antigen tests, results will be available within an hour.
Visa NFT Program for Digital Artists
Visa has created a scheme that enables digital artists to incorporate non-fungible tokens(NFT) into their businesses. Some of these artists will benefit from the one-year program, which is named “Visa Creator”. The program is created to teach artists NFT fundamentals and how to take maximum advantage of its technology. The beneficiaries of this program will receive technical and product mentoring from Visa’s crypto experts, as well as access to their peers, industry thought leaders, and Visa clients and partners. To wrap it up, they will collect stipends.
According to research conducted by the Visa team on the NFT system and its possible effect on business, retail, and social media, Visa’s head of crypto assured that NFTs has the potential to become an incredible booster for the creative economy.
The main goal of the Visa Creator program is to enable the new breed of small and micro companies to engage in the creative commerce venture.
Visa To Integrate Crypto Payment Gateway
Visa Inc. has announced that it will allow the USD Coin cryptocurrency (USDC) to be used for making transactions on its payment network. This is good news for crypto enthusiasts.
The trial service has started with a crypto payment platform, Crypto.com, and it aims to expand the program to new partners later this year. Read more to get detailed information about the Crypto.com service.
Visa Acquires Currencycloud
Visa has completed its acquisition of Currencycloud. Currencycloud is a fast-growing platform that enables banks and financial tech companies to provide cross-border payment solutions.
Currencycloud’s cloud-based feature includes a comprehensive set of APIs that enable banks and other financial service providers to integrate digital currency and multi-currency wallets into their payment system. Currently, the platform serves over 180 countries and almost 500 financial and technology clients.
Conclusion
VISA has always proven to be one of the best payment processors in the world. Their latest updates which comprise of NFT creative program, Multi-currency, and the embrace of cryptocurrencies, will no doubt separate them from the rest and skyrocket their growth.