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Visa's AI & Blockchain Vision Drives Record Growth
Description
Visas CEO, Ryan McInerney, unveiled a transformative vision for the companys future, highlighting AI and blockchain as game-changers for payments. Visas fiscal second-quarter earnings showcased their strongest quarter in over a decade, with net revenue surging 17% to $11.2 billion, driven by robust growth in payment volume, processed transactions, and value-added services. McInerney envisions AI enabling agentic commerce, potentially accelerating the cashless shift and boosting global growth by up to 1.5%. Visa has already launched AI payment tools and is building infrastructure for stablecoins, with stablecoin-linked card programs soaring nearly 200% year-over-year and transaction settlements reaching a seven billion dollar annual pace.
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