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Visa dreams up plans to let you auto-pay bills from your crypto wallet

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Visa dreams up plans to let you auto-pay bills from your crypto wallet

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Visa Looks to Let You Auto-Pay Bills From Your Crypto Wallet

Visa, the innovative payments technology company, is looking to make life easier for cryptocurrency users by making it possible to automate account-based payments with crypto.

How it Works

Visa wants to allow consumers the ability to store crypto assets in their Visa Fintech access program-linked crypto wallets, so those assets can be used to pay for bills directly from the wallet. This will enable you to use your crypto holdings to pay utility bills, rent and more.

Benefits

This move would greatly benefit crypto users as it will give them easier access to spend and transfer their crypto assets. Once integrated, it will also be easier for users to track their budget. Here are some of the main benefits:

  • Seamless Payment Process: It will be easier to make payments from the crypto wallet via a third-party app.
  • Secure: All transactions will be done securely and backed by Visa’s existing fraud protection.
  • Improved Tracking: Users will be able to get greater insight into their spending habits, budgeting, and saving.

Conclusion

Visa’s new plan is an innovative way to make it easier for crypto users to manage their finances. By making it possible to auto-pay bills from the crypto wallet, users will be able to save time and money. It will also make it easier to track their budgeting and spending habits.

As cryptocurrencies continue to gain mainstream traction, one of the world’s largest credit card networks has announced plans for a feature allowing users to pay their bills with crypto.

Visa recently detailed plans to launch a new service that would allow customers to link their cryptocurrency wallets to their Visa debit cards and pay their bills with funds stored in their digital wallets. The service is set to launch in 2021 and promises to make bill-paying a more seamless experience than ever before.

The new feature would enable Visa customers to automatically settle payments using major cryptocurrencies such as bitcoin, ether and USD Coin. Users would also be able to set up automated recurring payments and will be able to keep track of their payments and settlements through the Visa Payment Adapters platform.

The service is an extension of Visa Direct, a real-time payment platform that Visa has rolled out in more than 60 countries and regions around the world. It is designed to improve the speed and efficiency of payments, reduce fraud and provide users with added control over their payments infrastructure.

Visa’s plans to roll out a cryptocurrency-enabled payments platform come as more businesses and consumers are turning to digital currencies for their transactions. The move also highlights the growing popularity of cryptocurrencies as a medium of exchange, with more companies and financial institutions recognizing the potential of digital asset-based payments.

As cryptocurrencies become an increasingly accepted form of payment, Visa’s plans suggest that we are steadily moving towards an era where digital asset adoption is more widespread. Visa’s auto-pay feature could make it infinitely easier for users to manage their bills, paving the way for an entirely new realm of financial freedom.

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