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Cover image for Visa - American multinational financial services plans to Launch their Own Cryptocurrency Wallet
Jamie
Jamie

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Visa - American multinational financial services plans to Launch their Own Cryptocurrency Wallet

Globalized Financial service - Visa has plans to dive deeper into the cryptocurrency although CEO Al Kelly recently questioned its utility.

Visa - The American International Financial Giant has filed several crypto-related trademark applications, based on trademark lawyer Mike Kondoudis.

This application shows that the Fresno, California-based Financial services corporation pursuits launching a Cryptocurrency Wallet. Visa also applied software used in auditing cryptos and other Blockchain assets.

The Financial mammoth also intends to offer its customers a virtual ecosystem, in which users can interact for "recreational, relaxation, or entertainment objectives" that can be accessible in the virtual world.

In addition, Visa plans to dive deeper into the NFT world by applying a collectibles series. Former Visa CEO Charlie Scharf states that there are "interesting things" about Bitcoin since 2014. And then, the company has been slowly embracing crypto and Blockchain.

In March 2021, Visa moved to permit payment settlements through USD Coin. Last October, Visa bought its own "punk" from the most popularized NFT Collection called "CryptoPunk".

Before this month, Crypto Exchange FTX created a partnership with Visa to turn out Crypto Debit Cards in 40 countries. Earlier this month, cryptocurrency exchange FTX formed a partnership with Visa to roll out cryptocurrency debit cards in 40 countries.

Although the payment giant is active already and involved in cryptocurrency, Kelly inquired about the sector's utility at a conference that took place in March. Al kelly doesn't see how cryptocurrencies could play a vital role in countries like US and Canada.

Currently, Many leading companies and enterprises are starting their own crypto wallet. Because they believe "Cryptocurrency is the future of every business". Nowadays we are using payment apps like GPay, and Paypal for transactions. In the future, we will use a crypto wallet for crypto transactions.

So think future and start your own Cryptocurrency wallet like a highly-advanced web3 trust wallet. If you are interested, then you have 2 options,

Number one, if you are techy, then you can create your own crypto wallet from scratch. But the development cost and time from scratch are quite enormous. So I would like to suggest the Trust Wallet Clone App - the replication of the Trust wallet. This helps you to launch your own wallet within a week. So why wait? Initiate your crypto business now!!!

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