Breaking News: Visa Becomes First Major Payments Network to Settle Transactions in USD Coin

[edwincoops]

Visa Becomes First Major Payments Network to Settle Transactions in USD Coin (USDC)

Visa Becomes First Major Payments Network to Settle Transactions in USD Coin (USDC)

Visa (NYSE: V) today announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a

www.businesswire.com

Visa is now supporting the USDC stablecoin, yet for some reason I really don't know why the

 

[Quarkork]

I don't know much about this, but as far as I do know, Stablecoin is a crypto that's connected to the US dollar? That would make sense as to why they chose that one over some of the others out there, which can be more volatile. Either way, glad to see major players in the financial world getting on board with it.

 

[Hank]

I would definitely be interested in seeing them cards accepting and supporting other coins. I know that the major issue would be dealing with the volatility of those coins.

 

[Yesithisces]

Visa has recently become the first major payments network to settle transactions directly on a blockchain, marking a significant shift in the way payments are processed. This move could potentially streamline the payment process by reducing costs and increasing transaction speeds, offering a more efficient alternative to traditional methods. As blockchain technology continues to evolve, more financial institutions may explore similar solutions for their operations. In regions such as Laguna, it’s possible that new initiatives, including those from banks with Dfa branches in Laguna, might explore blockchain solutions to enhance their services, creating more opportunities for innovation.