Ryan McINERney, CEO of Visa, an American payment technologies company, made statements about the effects of the Stablecoin regulatory law called Genıus Act approved by the Senate. In an interview with CNBC, Visa’s work for stablecoins has been going on for a long time, McInerney said that the developments in this field are consistent with Visa’s strategies.
Visa and Stablecoin Arrangements
Genius Act, which passes through the US Senate, is an important step for the financial sector and technology companies in terms of stablecoins. The law is expected to pass through the House of Representatives. With the entry into force of the law, it is foreseen that legal clarity in the sector will be achieved. In parallel with this regulation, Visa updates their infrastructure to use stablecoins more effectively in their own processing network.
Ryan McINERney drew attention to Visa’s preparations and innovative projects for the stablecoin applications. The company has a large number of moves, up to various modernization steps in the creation of Stablecoin -based Visa ID information and integration into the payment network.
In the interview, Visa’s basic values were underlined that trust, ease of use and scalability. McINERney, nearly 5 billion Visa users and 14 billion Visa Token around the world, a total of 150 million workplaces benefit from Visa’s network, he said.
Ryan McINERney: “Stablecoins, if there is a payment method that users want to adopt, we can scale this solution through the Visa system. This is the way to succeed in the field of payment and we are the leader in this field as Visa.”
In addition, Visa’s own payment infrastructure to comply with stablecoins to make the technology investments emphasized. The company, Stablecoin -based transactions in the network of plans to offer a large scale was expressed.
VISA
Following the adoption of Genıus Act by the Senate, Visa had a decline in stock prices. It is seen that the company’s stock value has fallen to $ 350 in the near term, and this figure is below $ 375, the summit of the last year.
Visa management, stablecoin arrangements will not prevent the company’s long -term growth targets. The market response of investors is shaped according to the expectations of the innovations and changes that the regulation process will bring.
The company states that it is open to possible innovations associated with different crypto assets to maintain its pioneering position in the field of payment worldwide. Mastercard’s chainlink yesterday $13.15 Partnership and other major moves should be interpreted as the effort of survival of these large companies in crypto transformation.
While technological transformation continues rapidly in payment systems, global companies appear to have a proactive role in the integration process such as Stablecoin. Large finance technologies such as Visa continue their infrastructure investments to meet the increasing digital demands of its customers and to adapt to legal regulations. In this context, stablecoin arrangements and implementation practices are considered among the important factors that may be decisive on the future competitiveness and innovation ability.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
