We have a very good news for the crypto world. Visa has announced an important thing - For the first time, they made a bridge between the world of cryptocurrencies and traditional currencies. In this case they used USD Coin (USDC), stablecoin covered by the US dollar. Now it is possible to settle a transaction with Visa through one of the most actively used blockchains, Ethereum.
Visa launched this feature on Crypto.com platform, which is partner of Visa and at the same time one of the largest crypto platforms in the world. They plans to offer the USDC payment feature to other partners later this year.
Support of cryptocurrencies is an important step forward in the VISA network, which is designed to enhance all forms of money movements, whether inside or outside the VISA network.
VISA focuses on building additionas added value to payment ecosystem, as well as ensuring greater security of payments through cryptocurrencies, thanks to global coverage, a partnership approach and brand credibility.