"It's really important, but many people always act nice, aren't they nice?"
Alfred Kelly, Chief Executive Officer (CEO) of financial services giant Visa told shareholders that stablecoins and central bank digital currencies (CBDCs) will play an important role in the future.
According to him, Visa has carried out various initiatives in blockchain technology in addition to investing a number of funds in several companies that offer crypto services.
This is because, Kelly is really confident that it will play a meaningful role in the payment system in the future.
As you know, stablecoins can solve the problem of price instability, where Tether (USDT) is the largest stablecoin by market capitalization with a higher transaction volume than other cryptocurrencies.
While CBDC is a digital currency issued by the government that will be built through blockchain.
Please be informed that the vice chairman of the Federal Reserve (Fed) Lael Brainard expressed his support in the launch of CBDC in the United States (US) that provides a secure digital financial ecosystem.
In the meantime, Visa has signed an agreement with blockchain company ConsenSys to develop a CBDC that has the potential to create stablecoin-based payments.
In addition, Visa views e-commerce, mobile payments and blockchain technology as being able to grow rapidly if CBDC or stablecoins are implemented as soon as possible by a country.
