Visa CEO Al Kelly thinks stablecoins and CBDCs can be integrated into next-generation payment systems.
Traditional finance has come to the stage of evolution in the light of technological innovations. The intense interest of stablecoins, the CBDC preparations of the countries and finally the blockchain initiatives of the institutions come to the fore. Blockchain, which is faster, more applicable and more user-friendly, has become a part of the new financial system. Visa CEO Al Kelly, who will leave his job on February 1, made statements about new generation payments.
Visa CEO: Stablecoins and CBDCs Can Make sense
Visa CEO Al Kelly, who is preparing to step down, made the remarks at the company’s annual shareholders meeting. Kelly signaled his company’s approach to stablecoins and CBDCs.
According to media reports, Kelly underlined that it is still too early. Kelly stated that they think stablecoins and CBDCs can play a meaningful role in the payments space. In addition, the CEO stated that they believe in this potential and that they have a number of ongoing initiatives.
Stating that they were not affected by the collapse scenarios experienced last year, Kelly said;
“We have had no credit losses associated with these failures. Please know that in everything we do, we are extremely focused on protecting Visa’s payment system and its integrity, and of course its reputation.”
Given the approach of the soon-to-be-resigned CEO, Visa seems pretty optimistic about crypto and blockchain.
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