With the tremendously rising demand for digital assets, the success of every bank lies in having a solid crypto strategy. For this reason, Visa, the global payments giant, recently launched a worldwide crypto advisory practise for banks and other financial institutions. The project aims to help these institutions develop their crypto businesses as the demand for crypto assets keeps growing daily.
Cuy Sheffield, the company’s head of crypto, recently told CoinDesk that Visa takes pride in bridging the gap between the cryptosystem and banks, which has been a huge challenge for the longest time. For this reason, every bank in service should invest in a solid crypto plan for its success as the world moves towards increasing investment in digital assets. And this is where crypto advisory services for banks come into play.
Guidance and Support for Banks
Visa’s crypto advisory team intends to work with its consulting and analytics group to guide and support banks and other financial institutions in creating and implementing solid crypto strategies and execution. The company also plans to help banks create incredible teams for the same purpose.
The past nine months have proven an inflection point in which banks and financiers have shown greater interest in recognizing their consumers’ rising access to crypto. On the other hand, the consumers have shown a material shift in their mindset from the desire to explore and experiment with crypto to building the actual strategy and product roadmap. Fortunately, the company already has a bitcoin rewards system – a credit card – that is suitable for payments in US dollar coins.
One of the significant benefits of investing in crypto is their sharp volatility, which inhibits investors from using them as they desire. As a bank or financier with a solid crypto strategy, you can easily meet your clients’ needs and financial goals by ensuring easy accessibility of these crypto products to meet the immense rising demand in the customer fan base.
Besides exploring more with these products, these customers also want to figure out the better ways of serving their businesses with crypto services, with the most popular ones being wallets and exchanges.
Availability of Crypto Products
Your sole success as a bank or financial institution is making crypto products and services available to the customers. It is the latest and most effective way to navigate the modern money market while making the most sales and maximizing your customer fan base. With reliable crypto advisory services for banks, it’s possible to achieve this goal.
The curiosity and desire to explore crypto products also explain why more and more clients are shifting from their primary banks to those offering crypto products and services in addition to regular financial services. Therefore, if you don’t already offer crypto products and services to your customers, it is time to make the bold move and save your future.
More than half of the current customers are willing to move to banks offering these crypto services. Are you willing to risk losing them? Well, I am sure you are not willing to take the risk. Find a reputable provider of crypto advisory services for banks and invest in getting the most from them for your success and longer lifespan. Visit the website to learn more
References:
https://planergy.com/blog/agile-business-transformation/
https://www.thestreet.com/investing/visa-starts-cryptocurrency-advisory-service-for-banks-retail
https://ww.bloomberg.com/press-releases/2021-12-08/visa-introduces-crypto-advisory-services-to-help-partners-navigate-a-new-era-of-money-movement
