Posted 2/1/2024, 5:12:14 PM
Visa Enables Crypto Withdrawals to Cards, Raising Decentralization and Security Concerns
- Visa partners with Transak to allow crypto withdrawals directly to Visa cards from digital wallets like MetaMask
- Aims to make crypto more accessible and usable in everyday transactions across Visa's merchant network
- Raises some security concerns around exposing crypto users to more threats
- May negatively impact decentralized nature of crypto by linking to traditional finance
- Allows transfers from wallets to Visa debit cards, following Tether's major profit announcement