Mar 30, 2021 14:15:00

Visa announces support for stablecoin 'USD coin'

Visa was the foundation of the ethereum, known as open source block chain technology

stable coin announced that it will start the support of one of · USD coin (USDC).

Visa Becomes First Major Payments Network to Settle Transactions in USD Coin (USDC)
https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.17821.html

Exclusive: Visa moves to allow payment settlements using cryptocurrency | Reuters

https://www.reuters.com/article/us-crypto-currency-visa-exclusive-idUSKBN2BL0X9

Visa now settles payments in USDC stablecoin on Ethereum blockchain
https://www.theblockcrypto.com/post/99639/visa-now-settles-payments-in-usdc-stablecoin-ethereum

Visa CEO Alfred Kelly has revealed that he is looking at 'stablecoin' in his efforts outside of Bitcoin.

Visa considers introduction of 'bitcoin payment' --GIGAZINE

Until now, the only payment methods that can be used with Visa are fiat currencies such as 'yen' and 'dollar', and businesses built with digital currencies could increase costs and complexity.

From now on, Visa's digital currency settlement will be handled by

Anchorage, a 'virtual currency bank'. A pilot program will begin to send USDC to Visa for payment via Crypto.com , which works with Visa on crypto-enabled debit cards.

After repeated testing, Visa wants to provide USDC payment function to other partners in a year.

Visa's rival Mastercard is also scheduled to support virtual currencies by 2021.

Mastercard announces 'to support crypto assets by 2021' --GIGAZINE