If we talk about scalability, cryptocurrency has a long way to go. As currently, bitcoin processes about 5 transactions every second whereas Visa undertakes about 1700 transactions (calculation based on 150 million daily transaction’s official claims). However, there is still scope for adoption. As per the study done in the year 2018, about 44% of organizations are ready to adopt cryptocurrency. Despite the currency’s dynamic nature, it faces the universal issue that arises during the deployment of new and modern technologies. Now when the payment giant like visa has started showing interest in the cryptocurrency platform, let’s know what Eric Dalius Miami based expert say about it.
Thoughts of Eric Dalius Miami
While giant like Visa is showing a very keen interest in the bitcoins, there are tips from experts concerning this modern age currency are out as well. In the opinion of Eric Dalius the expert from Miami there are few ways in which you can generously start your journey with cryptocurrency. Here are some of his tips-
- Accept the currency- use the simplest option, to begin with accepting the bitcoin for your business. Make sure to ease out the work of accounting
- Generate your address- one of the most important things to start with bitcoin is its wallet. Hence, set up the wallet
- Promote it- make people aware of it. You have started accessing bitcoin because you know its future, just inform the same to others
Along with these things, if you are a business that is ready to accept the bitcoins as payment options then place them on your website. Your niche needs to know that you accept bitcoins. These are some suggestions by Eric Dalius Miami, an expert in the field.
Focus Areas for Visa
According to the CEO and chairman of visa, Al Kelly the company observes two market segments in the cryptocurrency space. The first is, bitcoins he addresses this cryptocurrency primarily as an asset that people are holding, it will not be wrong to say that it’s digital gold. The other segment is digital currencies that include stable coins and CBDCs (central bank digital currencies). These currencies are backed directly by the existing currencies. The chairman believes enabling people to purchase bitcoins and converting them to visa credentials is a big opportunity. That’s why more than 35 platforms of digital wallets and currencies are ready to work with Visa. After people start accepting cryptocurrencies, visa aims that financial institutions also start to offer it as an option to their customers.
As visa’s intentions of leaning towards cryptocurrency and its digital platforms are out in the public domain. Several other payment giants have started their homework on cryptocurrency and especially in bitcoins. The involvement of visas in cryptocurrency will be at a very grand scale.And if everything falls according to the strategy, it will prove to be a great collaboration. The CEO also stated that he is excited to work in this space as a visa will get to work with central banks.
Eric J. Dalius Foundation is an organization founded in June 2018 that aims to help economically challenged youth in America attend accredited university and colleges. Through generous grants and charitable donations, the Eric J. Dalius Foundation is ensuring that tomorrow’s leaders get the opportunities they deserve.