Share this article
Visa’s Crypto Product Lead Leaves for Payments Startup
Daniel Mottice had served in the position since last May before co-founding a payments and infrastructure company called Ansible Labs, he said on Twitter.
Updated May 11, 2023, 5:56 p.m. Published Mar 23, 2022, 9:39 p.m.
Visa (V) crypto product lead Daniel Mottice has departed the company for the payments firm he co-founded and serves as CEO, Ansible Labs.
Mottice announced his decision to leave Visa in a Twitter thread Wednesday. According to his LinkedIn profile, Mottice had served as Visa’s crypto product lead since last May. Prior to that, managed Visa Direct’s account-based payment product.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“Quick life update: after 5.5 years, I have decided to leave Visa to pursue my own venture in web3/crypto. Visa has been an incredible place to learn the ins and outs of digital payments and money movement,” Mottice wrote.
Visa has been building up its crypto division over the past few years, and has also been seeking to advise traditional banking institutions on digital assets. In addition to enabling crypto payments, Visa has been working on facilitating purchases of cryptocurrencies, creating a utility for crypto via stablecoin providers and allowing financial institutions and fintechs to offer crypto access and custody.
In his tweet thread, Mottice said he spent most of his recent time at Visa on how the payments giant could “optimize & improve its global money movement engine [with] crypto and create more flexible network capabilities for crypto-native clients.”
Ansible Labs is focused on payments technology, with its website saying it is “the first of its kind to enable payouts to and from web3 blockchain accounts”
Visa did not immediately respond to a request for comment on Mottice’s departure.
In a tweet, Visa head of crypto Cuy Sheffield thanked Mottice for his contributions.
Thanks @daniel_mottice for all of your contributions to help Visa continue to modernize money movement using crypto and stablecoins. Excited to see what you and @mattvanhouten build with @AnsibleLabs! https://t.co/iLKM8Rzwmj
— Cuy Sheffield (@cuysheffield) March 23, 2022
Read more: Visa Launches Crypto Advisory Services for Banks as Demand for Digital Assets Grows
UPDATE (March 23, 23:52 UTC): Updated with tweet from Cuy Sheffield.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
