Visa CEO Alfred Kelly believes crypto-assets could be widely used in the next five years. He seemed to hold cryptocurrencies in high regard when he made the remarks that seemingly contradict his stance on the same issue in January.
The Visa executive spoke vaguely about cryptocurrencies earlier this year when the multinational financial services company announced its quarterly results. For more than three years, Kelly has not reported any upcoming or planned projects involving digital assets at the helm of the company.
Now he acknowledges that cryptocurrencies could turn out to be established or be a short-lived craze.
“The thing about our business that I really like is […] we don’t pick winners and losers. You know, as you and I sit here today talking, I don’t know to what extent cryptocurrencies are going to take off. Are we going to say five years from now that it was a fad and not a big deal? Or will they become extremely mainstream?”