Cryptocurrency is a platform that nearly everyone would be familiar with to some extent by now. Having been around for years, the idea that someone could earn an income by trading online using different currencies has taken the world by storm, and one CEO seems to agree. Alfred F Kelly Jr, the current CEO of Visa Inc., truly believes that cryptocurrencies could transition from being an alternative to becoming the norm as early as within the next five years.
Cryptocurrencies could be the future, but they could also fail
It is worth pointing out that although Kelly does believe in the power, influence, and popularity of cryptocurrencies, he nevertheless has also stated that it is not guaranteed that they will become mainstream. The reason for this is because cryptocurrencies by nature are extremely volatile and lack a governing regulatory body in most cases. They are also heavily frowned upon by most of the governments, as is proven by the current lawsuit by the SEC against Ripple and the ongoing political situations regarding cryptocurrency in both India and South Korea.
Regardless, the CEO of Visa Inc. wants his company to act as the middle man for cryptocurrency going forward. Kelly admitted during an interview with CEO Alan Murray from Fortune that he does not possess the technical expertise or in-depth knowledge about the crypto industry to be able to make a guaranteed prediction about the industry’s future. However, he is smart enough to realize that his company needs to be involved in it nonetheless, as not doing so would most likely result in more missed opportunities than the CEO would prefer.
Visa working to enable crypto payments
In a continued effort to make his company more compatible with crypto, Kelly has since been working on making his services more compatible with the likes of Bitcoin, Ethereum, Litecoin, and more. Not only does he see the craze surrounding cryptocurrency as the successor to the gold rush, but he also noted that digital currencies backed by fiat could also become standard in terms of acting as a payment vehicle going forward.
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