Visa Will Allow Crypto Payment Settlements on Its Network: Reuters

Yuri Molchan

International Visa payments giant to allow crypto-based settlements

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Mon, 29/03/2021 - 8:02

Visa Will Allow Crypto Payment Settlements on Its Network: Reuters

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Reuters has just reported that big news is coming for crypto adoption. The Visa payments giant has stated that it will enable users to settle transactions on its own network in crypto—USDC stablecoin in particular. Crypto payments will be implemented later this year as an alternative to fregular fiat currency payments.

The news has been published on the Bloomberg news terminal so far.

Earlier, U.Today reported that the payments giant was only coming close to crypto, adding crypto app Wirex to its European network, thus allowing 61 million customers to settle payments in cryptocurrencies.

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Another payments behemoth, Mastercard, announced in February that it would also enable cryptocurrency payments later this year.

#USDC #VISA

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.