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Visa is seeing the cryptocurrency craze dwindling even as customers stepped up use of their crypto-linked cards last quarter

From markets.businessinsider.com

Visa is seeing some cooling of the cryptocurrency frenzy following a boom in crypto-related transactions during the first half of the year, the CFO of the payments company told Bloomberg. The company's fiscal third-quarter results released Tuesday included a 34% surge in payments volume to $2.7 trillion. Cross-border volume excluding travel and largely for online transactions leapt 56%, with cryptocurrency-related purchases representing most of that acceleration, Visa said, according to a conference call transcript. "There was quite a big increase in crypto purchases," especially in April and May, Visa CFO Vasant ... (full story)

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