AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Visa’s data shows that crypto’s bull run earlier this year had a notable impact on the payment giant’s cross-border transaction volume. Vasant Prabhu, Visa’s CEO, noted during the earnings call, that growth in cross-border volume was accelerated by cryptocurrency purchases via card from mid-April through the end of May, before the exhaustion of bullish momentum across crypto markets. More than $1 billion worth of cryptocurrency was spent on goods and services across the globe through crypto-linked cards in the first half of the year, pointing to the growing trend of mass adoption. However, Visa has no near-term plans to add crypto to its balance sheet.