If Eurozone Collapses, Visa Is Ready

The Wall Street Journal reports that Visa is preparing for a potential collapse of the eurozone. Steve Perry, chief commercial official at Visa, told the WSJ that Visa is exploring various possible outcomes, including a total collapse of the eurozone: “From our perspective, we can implement new currencies at the drop of a hat. If a collapse were to happen or an individual country were to leave the Euro, we could handle that very quickly in terms of allowing people to use their cards in a payment capability.”