Latest News

Visa Allows USDC Payments in Collaboration with

Visa Allows USDC Payments in Collaboration with

Visa, a credit card and payments giant, is launching a pilot program to help its partners settle fiat transactions on the Ethereum blockchain. The new program is the result of allying with Visa advocated that it would enable USD Coin (USDC) stablecoin to settle transactions on its payment network. Moreover, USDC is a stablecoin pegged 1:1 to the U.S. dollar. According to the announcement, Visa consumed the last year allowing digital currency settlement capacity in its current infrastructure.

The U.S. first federally chartered digital asset bank, Anchorage, will assist the pilot program launched with Via the new program, the credit card issuer’s associates will have the capability of exchanging USD Coin (USDC) by its payments network. will transfer USDC to Visa’s Ethereum address as a way of resolving some of the transactions carried via’s Visa Card program. The trio performed the first transaction earlier this month, with transferring USDC to Visa’s Ethereum address at Anchorage. 

Visa to Expand the New System to Fintech Companies and Neobanks

Furthermore, Visa aims to make the new system accessible to Fintech companies and neobanks that manage cryptocurrency, specially USDC, BTC, and ETH. These efforts are a part of the continuing collaboration between Visa and Users of the crypto platform may obtain a Visa card for staking a particular amount of’s native token (CRO). After acquiring the card, users can originate regular payments and top-up their balance by purchasing more CRO. Until now, acquisitions made with the Visa card had to transform CRO into fiat money. 

The user’s wallet installed conventional fiat currency in a bank account, which was then flashed to Visa at the end of the day to complete the transaction. Nevertheless, following the development today, this additional cost will reduce, as the payment company now allows cryptocurrency (i.e., USDC) directly. declared a partnership with Visa previously this month. The exchange would accompany the Visa network and extend the range of its crypto debit card. At the time, the company elucidated that it would be rolling out a fiat lending program. It will enable cardholders to employ their crypto holdings as collateral for fiat loans, funds that users could use in merchant platforms that promote Visa payments.

Follow BitcoinWorld for the latest updates.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.