Payments company Visa has said it is not slowing down with its cryptocurrency plans—despite news reports hinting otherwise amid a brutal bear market. 

The U.S. company’s Head of Crypto Cuy Sheffield said in a series of tweets Tuesday that a Reuters story claiming both Visa and Mastercard were slowing down their crypto push was “inaccurate” when it comes to Visa.

He added that “despite the challenges and uncertainty in the crypto ecosystem,” Visa believes that “fiat backed digital currencies running on public blockchains have the potential to play an important role in the payments ecosystem.”