Visa is working on a Central bank digital currency and stablecoin initiatives

Visa CEO Alfred Kelly express that the company is working on some central bank digital currency (CBDC) and stablecoins San Francisco business time reported.

According to Alfred Kelly the company believes that stablecoins and CBDCs could play a meaningful role in the payment space.

Alfred kelly said that the company had no credit losses to the recent crypto contagion as it had an immaterial investment in crypto companies.

Visa is also working on many initiatives to develop its CBDC and stablecoin infrastructure.

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