Visa CEO: Stablecoins and CBDCs Will Play an Important Role in Payments

Visa CEO Alfred Kelly has said he is confident that blockchain-based solutions will be integrated into the company’s services to support next-generation payments.

He has stated during the annual shareholder meeting:

“This is an early stage, but we continue to believe that stablecoins and CBDCs can play a significant role in payments. And we have a number of initiatives.”

According to him, “loud upheavals” in the crypto industry throughout 2022 did not affect financial performance.

He has added:

“We didn’t have any credit losses associated with these disruptions. Everything we do is extremely focused on maintaining the integrity of the Visa payment system, the sector as a whole, and of course our reputation as a trusted brand.”