Visa to allow payment settlements using cryptocurrency USDC
In lines with cryptocurrency’s growing acceptance in mainstream finance
USD Coin (USDC) is a stablecoin crypto whose value is pegged directly to the U.S. dollar
Visa launched the pilot programme with crypto platform Crypto.com
Initially, Crypto.com Visa card payments required the conversion of digital currency into traditional money
The new method, which used the ethereum blockchain, will remove that
Visa’s competitors like Mastercard, BNY Mellon and Blackrock have recently accepted Cryptos for payments
