Visa, the largest card network in the world, and VALR, the leading cryptocurrency exchange in South Africa, have established a strategic alliance for the issue of Visa cards and the provision of other digital payment options. Visa VALR Crypto Exchange Partnership South Africa
Together, VALR’s experience in cryptocurrency and Visa’s comprehensive payment capabilities will be used to provide payment solutions. South Africa
VALR is currently working to secure licenses in Dubai, Mauritius, and South Africa, in addition to receiving authorization to provide cryptocurrency services in Europe.
The VALR-Visa collaboration comes after other Visa collaborations with well-known international cryptocurrency asset service providers, including Coinbase, Crypto.com, and Circle.
Visa is a household name in payments with vast experience and global reach. A partnership with Visa was a natural step for VALR as we bring more innovative products and services to our customer base. We are very excited to work with Visa to continue to bring the very best technology and services to our global audience.
Farzam Ehsani, Co-founder and CEO VALR
Currently, VALR is Africa’s top cryptocurrency exchange. In addition to processing the largest trading volume on the continent, the company offers cutting-edge services like spot margin trading, blockchain staking, and VALR Pay.
It also plans to introduce a market-leading perpetual futures product soon. In an effort to promote the use of digital currencies around the world, Visa launched a cryptocurrency consultancy service and made investments in cryptocurrency platforms.
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Visa is excited to work with VALR to issue Visa credentials to VALR customers. With this partnership we will work on innovative payment and card products that empower VALR customers to utilise the Visa network to make and receive payments globally. The use cases are vast and we’re looking forward to the collaboration with VALR to provide customers with a unique value proposition.
Lineshree Moodley, GM of Visa South Africa.
VALR is a global cryptocurrency exchange that was founded in 2018 and has its headquarters in South Africa.
Since its founding, VALR has handled over $10 billion in trade volume and raised $55 million in equity capital. With some of the lowest fees in the world, it provides its clients with the opportunity to trade bitcoin and a variety of other cryptocurrency assets.
Over 900 corporate and institutional clients, as well as half a million retail customers, are currently served globally by VALR.
Visa’s issuing of Visa credentials provides a reliable and simple way for over 100 million merchants globally to facilitate transactions. This highlights Visa’s global reach and importance in defining the digital payment ecosystem. South Africa
Over three billion card credentials have been granted by Visa globally, and the company can process over 60,000 transactions every second. Visa VALR Crypto Exchange Partnership South Africa
