Visa says crypto strategy unchanged after a report that it’s pausing new partnership efforts
Published: Feb. 28, 2023 at 5:27 p.m. ET
Mastercard says it will continue focusing on blockchain technology
Visa says it is still focusing on crypto efforts, and Mastercard says it will focus on underlying blockchain technology.
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Visa Inc. on Tuesday said its crypto strategy would remain the same after a news report said it and fellow payment company Mastercard Inc. MA were halting efforts to forge new partnerships with crypto firms.
A Reuters report on Tuesday, citing sources familiar with the matter, said the companies were delaying the launch of crypto-related products and services until market conditions and the regulatory environment improve. The delay comes after the after high profile industry setbacks, including the bankruptcy of crypto exchange…