Visa spokesperson named CBDC as the most important trend in payments industry

Visa spokesperson named CBDC as the most important trend in payments industry

Head of Cryptocurrency at Visa Says Central Bank Digital Currencies (CBDCs) Are The Most Important Trend In The Payments Industry Of The Next Decade.

According to Keyay Sheffield, interest in this area is increasing, so governments will gradually study it, which will have a serious impact on geopolitics, finance, privacy of settlements, integration of stablecoins and cryptocurrencies. Adding that this will happen regardless of our personal opinions as to whether it is good or bad.

Sheffield also previously said that central banks are not interested in developing CBDCs for the public due to operational concerns. However, Visa is showing an active interest in this area. For example, recently it became known that the company filed a patent application to digital currency to replace fiat money.

text: Ivan Malichenko, photo: RIA

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