The world of credit cards moved a step closer to using cryptocurrency within merchant payment systems as VISA one of the largest credit card lenders teamed up with Circle and their Ethereum based Stablecoin USDC.
In short this is quite the coup for both USDC and VISA, as this brings millions of potential new users to both networks - USDC get the chance to mingle with VISA customers and VISA customers get to sample cryptocurrency if they have never done so before. Winner, winner chicken dinner all round.
The world of Stablecoins is hot right now USDC being one of the more popular of the bunch also has been flourishing recently. What does this mean for the future of Crypto within the credit card and loan sectors?
Time will tell if VISA and USDC get along and if customers from either side can tune into each other. As with PayPal recently dipping it's toys into Cryptocurrency... it isn't just all plain sailing as PayPal are finding out.
However VISA already jumped into Cryptocurrency with the successful BlockFi and Fold VISA Cards and is pumping significant amounts of cash at blockchain startups to the tune of millions of dollars.
The initial rollout will be set at business clients and development only which VISA deem as significant value to both USDC and VISA customers bases.