Visa Is 'Testing' Stablecoin Payments on Ethereum
Towards the end of January, Watcher Guru reported that Visa may integrate blockchain-powered solutions into its services to bolster the next generation of payments. The credit card giant’s executive Alfred F. Kelly revealed that the company believes that Stablecoins and CBDCs could play a meaningful role in the payments division. He also briefly unveiled that Visa has “a number of initiatives” underway. Read More: Visa Has “A Number Of” CBDC, Stablecoin Initiatives Underway: CEO According to reports, Visa is already testing how to accept payments and payout on Ethereum via stablecoin USDC. Cuy Sheffield, Vice President, Head of Crypto at Visa highlighted that the transactions were “large value settlement payments.” He reportedly added, “That’s been one of the areas where we want to build muscle memory. The same way that we can convert between dollars in euros on a cross-border transaction, we should be able to convert be...