Visa has moved millions of USDC between its partners over Solana and Ethereum to settle fiat-denominated payments
Global payments processing giant Visa has announced expanding its stablecoin settlement capabilities to the Solana blockchain.
Visa has successfully conducted real-world pilot tests with both issuers and acquirers, facilitating the seamless transfer of millions of USDC stablecoins tokens across the Solana and Ethereum blockchain networks. These transfers were executed to settle fiat currency-based payments that had been authorized through VisaNet.In the latest announcement, Visa also revealed working with merchant acquirers Worldpay and Nuvei.
This work subsequently led to a successful pilot leveraging USDC and the Ethereum blockchain to receive payments from Crypto.com specifically for cross-border transactions within their active card program in Australia. The pilot essentially eliminated the cumbersome process involving conversions and costly international wire transfers for cross-border purchases on Crypto.com Visa cards. As a result, Crypto.com has transitioned to USDC to fulfill its settlement obligations for its Visa cards in Australia.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Visa Giant Expands Stablecoin Settlement Capabilities Through USDC and Solana ChainVisa continues to adjust itself to crypto, now planning to modernize cross-border money movement through USDC stablecoin and the Solana blockchain
Weiterlesen »
Visa taps into Solana to widen USDC payment capabilityVisa expands its USDC settlement capabilities onto the Solana blockchain and announces pilots allowing Visa to send USDC to payment processors Worldpay and Nuvei.
Weiterlesen »
Visa Taps Solana and USDC Stablecoin to Boost Cross-Border PaymentsThe company said it is one of the first major payment institutions to use directly the Solana network for settlements.
Weiterlesen »
Solana price jumps 5% as Visa outlines plan to use SOL blockchain for USDC paymentsSolana (SOL) price has stayed glued to monthly lows over the past week despite an influx of funds from institutional players reaching up to $700,000.
Weiterlesen »
Visa expands stablecoin settlement options to SolanaVisa expanded its USDC stablecoin settlement capabilities to Solana, forming partnerships with Worldpay and Nuvei.
Weiterlesen »
Cryptocurrencies Price Prediction: Solana, Bitcoin & Chainlink – American Wrap 05 SeptemberSolana price jumps 7% as Visa outlines plan to use SOL blockchain for USDC payments Solana (SOL) price has stayed glued to monthly lows over the past
Weiterlesen »