Visa is winning the battle for crypto cards. It's now poised to bring Crypto-as-a-Service to financial institutions

InstitutionalMarch 5, 2021, 5:19AM EST
UPDATED: May 31, 2023, 3:53PM EDT
Visa is winning the battle for crypto cards. It's now poised to bring Crypto-as-a-Service to financial institutions
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As pointed out in last week's coverage of Coinbase's S-1, the crypto-economy is roaring.

In the past 30 days alone, there have been more than a trillion dollars worth of crypto-asset trading volume, $400 billion worth of stablecoin transaction volume on public blockchain networks, ~$100 billion in trading volume on smart-contract based decentralized exchanges, $250 million sales volume across NFT-based NBA based highlights, and nearly $200 million in crypto NFT art sales. That doesn't include the billions of dollars of monthly lending activity occurring across Genesis and BlockFi's credit desks, nor the $50+ billion worth of collateral stored within DeFi. The list goes on.

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