There’s a lot going on in crypto. The market is in flux, with Bitcoin hovering around $50K after seeing earlier lows of under $45K late last week. This movement makes some harbor doubts towards a suspected “Santa Rally” later in the month, with these bearish patterns reflecting a low likelihood of a fast bounce-back to buy territory. However, the new opportunities created by the dip are getting notice from investors and enterprises alike. (Coindesk)
Visa, a company that shows no fear in embracing the crypto movement, announced the launch of a new crypto advisory unit this week to help financial institutions and Visa clients get on board. The Visa Global Crypto Advisory Practice will function as a division of its consulting and analytics department and will advise banks on ways to leverage the crypto space and use crypto products to retain clients.
This also has the potential to bring more adoption and accessibility to the mainstream consumer audience, as was highlighted by Voyager CEO and co-Founder Steve Ehrlich earlier this week. Ehrlich observed that, by bringing more crypto education to their merchants, Visa will “bring even more value for retail consumers and give them more access to utilize cryptocurrencies and ways to utilize blockchain to make their lives more efficient.” (Fox Business)