Visa Inc. V has added crypto currency lending and borrowing company Cred to its fintech fast track program. The Visa Fintech Fast Track Program launched last July enables fintech partners to develop new commerce experiences leveraging the reach, capabilities and security that VisaNet, the company’s global payment network, offers.
Thus being integral to Visa’s Fintech Fast Track Program, Cred will be able to take advantage of Visa’s vast network, resources and services to scale up its business. By combining its services with Visa, Cred can ease interest disbursement process by crediting interest payments directly to customers’ bank accounts in Visa’s network. Cred will also be able to issue crypto credit cards that will let customers access a line of credit without having to liquidate their crypto assets.
Visa has been promoting the use of crypto currency since it perceives the same to gain a wider acceptance in times to come.