Visa today. Discover tomorrow? American Express next week?
This is good news.
I smell a new Ath coming this week.
Topic: VISA Completes First Cryptocurrency Transaction on Ethereum - page 2. (Read 216 times)
Then it would be better to use BUSD, there the commission is lower and the transaction speed is much higher. I don't understand why such large corporations look only towards Bitcoin and Ethereum.
We all want faster transactions and visa (and credit cards wholely) have proclaimed to have millions of transactions done per second, wouldn't they want the fastest possible blockchain to use?USDC is a product of coinbase and their iteration of a stable coin if I am not mistaken.
BUSD? Sure why not?
Well way better than USDT that is for certain and then getting their customers involved with them and their past with bitfinex I sposse.
And this is the kind of news that bump bitcoin price... As they say, it was a visa transaction on the Ethereum blockchain, Feels like an enormous step for humanity and for economics.
The transaction was done with a stable coin called United States dollar coin, or USDC. And this doesn't mean that all visa transactions will be this way from now, but at least some of them will come through crypto.
The transaction was done with a stable coin called United States dollar coin, or USDC. And this doesn't mean that all visa transactions will be this way from now, but at least some of them will come through crypto.
Public enthusiasts who want to shop using crypto are very high, hopefully soon it will be possible for other countries to shop using crypto so that there is no need to money cash
Then it would be better to use BUSD, there the commission is lower and the transaction speed is much higher. I don't understand why such large corporations look only towards Bitcoin and Ethereum.
Visa has announced that it will allow transactions to be settled using the cryptocurrency stablecoin USD Coin.
Visa has announced support for USD Coin to be used to settle transactions on its payments network.
The announcement is part of a wider pivot to the crypto industry for the payments giant.
Visa has announced today that it will allow the use of the USD Coin cryptocurrency to settle transactions on its payments network, per Reuters. In a trial conducted earlier this month, Crypto.com sent a USDC transaction to Visa's Ethereum address at crypto custody service Anchorage.
Per today's announcement, Visa's use of the Ethereum blockchain removes the need to convert digital coins into traditional money before the transaction can take place—removing pre-existing complexities for businesses.
The USD Coin is a stablecoin—a crypto asset that is pegged to the US Dollar.
The move comes at a time when major institutions like BNY Mellon, MicroStrategy, and PayPal have all embraced the crypto industry. Earlier this month, Tesla invested a whopping $1.5 billion into Bitcoin, signalling just how appealing the crypto industry is proving to be to large investors.
“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers,” said Cuy Sheffield, head of crypto at Visa.
Part of that increasing demand is taking place in Latin America, where consumers want access to cryptocurrencies not just as a hedge against inflating national currencies, but as a means for spending. According to a Visa survey conducted last month, 25% of all credit card users in Latin America would like to experiment with cryptocurrencies if payment processors gave them that opportunity.
But Visa's pivot into the crypto industry doesn't stop there. According to CEO Al Kelly, Visa is also looking to "enable the purchase of Bitcoin on Visa credentials."
Source: https://decrypt.co/63170/visa-completes-first-cryptocurrency-transaction-on-ethereum
Visa has announced support for USD Coin to be used to settle transactions on its payments network.
The announcement is part of a wider pivot to the crypto industry for the payments giant.
Visa has announced today that it will allow the use of the USD Coin cryptocurrency to settle transactions on its payments network, per Reuters. In a trial conducted earlier this month, Crypto.com sent a USDC transaction to Visa's Ethereum address at crypto custody service Anchorage.
Per today's announcement, Visa's use of the Ethereum blockchain removes the need to convert digital coins into traditional money before the transaction can take place—removing pre-existing complexities for businesses.
The USD Coin is a stablecoin—a crypto asset that is pegged to the US Dollar.
The move comes at a time when major institutions like BNY Mellon, MicroStrategy, and PayPal have all embraced the crypto industry. Earlier this month, Tesla invested a whopping $1.5 billion into Bitcoin, signalling just how appealing the crypto industry is proving to be to large investors.
“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers,” said Cuy Sheffield, head of crypto at Visa.
Part of that increasing demand is taking place in Latin America, where consumers want access to cryptocurrencies not just as a hedge against inflating national currencies, but as a means for spending. According to a Visa survey conducted last month, 25% of all credit card users in Latin America would like to experiment with cryptocurrencies if payment processors gave them that opportunity.
But Visa's pivot into the crypto industry doesn't stop there. According to CEO Al Kelly, Visa is also looking to "enable the purchase of Bitcoin on Visa credentials."
Source: https://decrypt.co/63170/visa-completes-first-cryptocurrency-transaction-on-ethereum
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