Tuesday, September 28

Visa crypto

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Visa purchases CryptoPunk NFT for $150,000 as it gets involved in the booming digital-collectibles market

Alexi Rosenfeld/Getty Images Visa made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610 for around $150,000. The payments giant made the purchase on August 18 for 49.5 ether. Visa said by purchasing an NFT, it is "jumping in feet first" to help its clients understand the space better. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Visa recently made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610, its first non-fungible token, for around $150,000, according to an announcement Monday.The payments giant made the purchase on August 18 for 49.5 ether, according to Larva Lab, the team behind CryptoPunks."What began as an early artistic experiment has quickly become a cultural icon for the c...
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Visa is seeing the cryptocurrency craze dwindling even as customers stepped up use of their crypto-linked cards last quarter

Cryptocurrency purchases have slowed, says Visa. Photo illustration by Edward Smith/Getty Images The cryptocurrency craze is showing signs of slowing, Visa CFO Vasant Prabhu said in a Bloomberg interview. Crypto purchases climbed particularly during Q2 but such transactions cooled in June, he said. Visa last month said its crypto-enabled cards processed more than $1 billion in total spending during the first half of 2021. See more stories on Insider's business page. Visa is seeing some cooling of the cryptocurrency frenzy following a boom in crypto-related transactions during the first half of the year, the CFO of the payments company told Bloomberg. The company's fiscal third-quarter results released Tuesday included a 34% surge in payments volume to $2.7 trillion. Cross-bord...