Visa powers one more crypto card amid ongoing antitrust charges

The latest in a series of ongoing antitrust charges and investigations on corporate giants is the one being considered by the U.S. Department of Justice against Visa.

Visa cards processed almost $2.2 trillion worth of transactions in Q4 2020, leaving behind the second-largest payment processor, Mastercard, by a margin of more than $1.25 trillion.

Even in the cryptocurrency space, the company has gained strong grounds and powers some of the most famous cryptocurrency cards.

Adding to Visa's already extensive reach in the cryptocurrency space, the San Francisco-based crypto cryptocurrency exchange Coinbase announced plans to roll out a Visa-powered cryptocurrency debit card in the United States.

The card has been available in the United Kingdom and European Union since 2019.

According to Coinbase, the card will support stablecoins and other cryptocurrencies supported on its platform.

Users will be able to make payments or withdraw money using their Visa-powered crypto debit cards at any portal that supports Visa cards.

Crypto credit and debit cards certainly make crypto payments more convenient.

The integration of cryptocurrencies to PayPal is also another major boost to cryptocurrency adoption.

Regulatory scrutiny toward Facebook's cryptocurrency project Libra is a fitting example of how wary the government is against centralized and private cryptocurrency projects that have the potential to reach a wide user base.