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Visa will now use payment processors to facilitate cross border transactions via the USDC stablecoin on Solana Pay. Solana’s SOL token rose on Tuesday following news that Visa will begin expanding its stablecoin services, via USDC, to the Solana blockchain, in collaboration with payment solutions providers Worldpay and Nuvei. The SOL token
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Visa recently announced its initiative to experiment with USDC settlement payments via the Solana blockchain. In a press release, Visa claimed it would allow USDC settlement payments through the Solana blockchain on Sept. 5. The company will
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“By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we're helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa’s treasury,” Cuy Sheffield, head of crypto at Visa, said in a statement. Source
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Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.Visa revealed that it is carrying out live and completed pilots with issuers and acquirers, moving millions of USDC tokens between partners across the Etheruem and
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However, the move is unlikely to hurt the crypto exchange’s market share, given its extensive global footprint. “It’s difficult to assess the impact of this on Binance, which is still a leading exchange from a liquidity point of view,” Weisberger said. “Until that changes, people will continue to trade there,”
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Episode 16 of Hashing It Out explores one of the most popular cryptocurrency use cases: payments. Mark Smargon, CEO of Fuse, joins host Elisha Owusu Akyaw to discuss various Web3 payment solutions and how Fuse contributes to businesses’ adoption of cryptocurrency payments. Smargon explained that the payment network’s strategy involves looking
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Visa has been exploring ways to allow users to pay blockchain gas fees directly with a credit or debit card. Gas fees are required for transactions on blockchain networks like Ethereum (ETH). Traditionally, users needed to hold
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Especially gas fees, the cost of sending and receiving ether (ETH), the native cryptocurrency of the Ethereum blockchain, and the process of managing the user’s ETH balance to cover these additional costs is “burdensome,” Visa said in the blog post. Eliminating this complexity could make blockchain-based transactions more accessible and
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In a potential transformative move for users, Visa, the payments solution provider, is testing an innovative solution enabling on-chain gas fees to be paid using a Visa card.Mustafa Bedawala, a product manager at Visa, presented the report, highlighting an observed challenge with cryptocurrency wallets; the ongoing requirement to oversee Ether
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Gnosis Card, which uses the Visa payment system, will be a debit card directly connected to a user’s on-chain account, built on the Gnosis Pay decentralized payment network, according to Gnosis. Users’ wallets – in this case Safe wallets – will act like a bank account, and every Gnosis Card
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