Visa, The Global Payment Giant, Purchases Plaid

On the 13th of January 2020, a press release announced the acquisition of Plaid by Visa. To acquire the technology company, the payment giant paid $5.3 billion. Some time ago, Plaid came up with a network allowing easy connection of users’ financial accounts to the apps they utilize in managing their finances. Plaid’s products allow users to share financial information with numerous apps and services. Coinbase also uses plaid’s services to get the banking information of customers. The crypto wallet…