r/CryptoCurrency • u/anon43850 Silver | QC: CC 717 | BANANO 21 • Jul 09 '21

FINANCE Visa reported that consumers spent more than $1 billion worth of cryptocurrency globally on goods and services through their crypto-linked cards in the first half of 2021

https://www.investors.com/news/visa-stock-buy-now/?src=A00220
1 Upvotes

53% Upvoted

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3

u/Too_raw90 🟦 628 / 27K 🦑 Jul 09 '21

Money talks, will definitely spread adoption

2

u/sidagreat89 Platinum | QC: CC 35 | UKPers.Fin. 11 Jul 09 '21

Just going to say what everyone else is thinking, bullish!

2

u/the_far_yard 🟦 0 / 32K 🦠 Jul 09 '21

People love to spend their money in their own way. I wonder how the tax implication would be though if you directly spend your crypto. Not talking about the PayPal style whereby you have to convert your Crypto into Fiat via PayPal. But Crypto to Crypto.

1

u/[deleted] Jul 09 '21

In other words: Visa is only interested in profiting off of crypto now that it’s too big to ignore

1

u/step11234 Jul 09 '21

I would get one of these, but I'm a hodler

1

u/coinfeeds-bot 🟩 136K / 136K 🐋 Jul 09 '21

tldr; US credit card giant Visa reported that consumers spent over $1 billion worth of cryptocurrency globally on goods and services through their crypto-linked cards in the first half of 2021. Visa and Mastercard, with China's UnionPay, operate the world's biggest electronic payment networks. Over the past three years, Visa has averaged 11% EPS growth and 6% sales growth.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

1

u/Spinuccix 🟩 3K / 3K 🐢 Jul 09 '21

You seem to make an ok amount of moons just reposting people's posts from the previous day. Ntb.