Visa expands its USDC settlement capabilities onto the Solana blockchain and announces pilots allowing Visa to send USDC to payment processors Worldpay and Nuvei.
Visa began testing USDC in 2021 in collaboration with Crypto.com to test stablecoin settlement on the issuance side. The resulting pilot leveraged Ethereum-based USDC to receive payments from Crypto.com for cross-border volume on its Australian card program.
“Circle built USDC to provide a functional digital dollar that could move at the speed of the internet to facilitate secure, reliable payments.” Worldpay merchant solutions president Jim Johnson said that the Visa’s USDC settlement capability would enable it to offer merchants more choices for receiving funds and better manage its treasury operations.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Visa expands stablecoin settlement options to SolanaVisa expanded its USDC stablecoin settlement capabilities to Solana, forming partnerships with Worldpay and Nuvei.
Read more »
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
Read more »
Cryptocurrencies Price Prediction: Cardano, Bitcoin & USDC — Asian Wrap 05 SeptemberCardano (ADA) price has been trading with a bearish bias over the last two months, shedding all the ground covered in the July 13 rally. In part, the
Read more »
Cryptocurrencies Price Prediction: Shiba Inu, Maker & Solana — Asian Wrap 04 SeptemberShiba Inu (SHIB) price has been on a downtrend since late August, recording lower lows as the bears took the driver’s seat. However, with the advent o
Read more »
Solana YTD inflows suggest it’s the 'most loved altcoin’ — CoinSharesSolana investment products saw the ninth straight week of investment inflows despite products for other cryptocurrencies except Bitcoin seeing outflows, according to the latest report from CoinShares.
Read more »
Solana price fails to gather momentum despite rising institutional flows, MakerDAO likely adoptionSolana (SOL) price remains close to monthly lows even as there are increasing signs of usage and adoption of the Ethereum-alternative blockchain. Incr
Read more »