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6 C# l! s6 M% `Visa announced the expansion of its stablecoin settlement capabilities to include the Ethereum and Solana blockchains. The company is partnering with merchant acquirers Worldpay and Nuvei for pilot programs.
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6 p9 M" B1 g6 N' iAs part of live pilots, Visa has already moved millions of USDC between its partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized over VisaNet, the payments giant detailed in a press release. . V3 e$ X* u$ i, N' a5 @
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Cuy Sheffield, Head of Crypto at Visa, stated that the move aims to speed up cross-border settlements and provide a stablecoin payment option for clients. “By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we’re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa’s treasury,” said Sheffield.
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) D$ T4 d# Z% vWorldpay and Nuvei are fintech companies serving merchants across various sectors. With Visa’s support, they expect to offer merchants the option to receive payments in stablecoins like USDC.
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This announcement also marks Visa’s inclusion of Solana as a supported blockchain for settlements, making it one of the first major payment companies to do so. " v" p! @5 Q, l' R) i0 j F4 b5 P
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Cryptocurrency exchanges review:
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& H) F& X4 T* J7 W7 J: `; U#1 OKX - 24h Volume: $ 1 097 255 972.
) O6 R' r$ D+ o; {OKX is an Hong Kong-based company founded in 2017 by Star Xu. Not available to users in the United States.
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#2 ByBit - 24h Volume: $953 436 658.
4 W/ }' n$ C. p2 s/ b* kIt is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit works in over 200 countries across the globe with the exception of the US.
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#3 Gate.io - 24h Volume: $ 643 886 488. 6 Z; w, w; u; L* M. f
The company was founded in 2013. Headquartered in South Korea. Gate.io is not available in the United States. 7 R$ T' k, X: V. A+ d
: |4 }1 D' e/ h#4 MEXC - 24h Volume: $ 543 633 048. ; F9 V9 O# w0 `
MEXC was founded in 2018 and gained popularity in its hometown of Singapore. US residents have access to the MEXC exchange. % W; x* P3 S. [& M3 [1 q: ~
4 O6 z/ F' r+ _3 G, Y#5 KuCoin - 24h Volume: $ 513 654 331.
! @! y8 y& Y1 n# Y4 A, H& }+ T, Q' LKuCoin operated by the Hong Kong company. Kucoin is not licensed to operate in the US.
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#6 Huobi - 24h Volume: $ 358 727 945.
% J4 S0 t J8 s* R5 P! y8 lHuobi Global was founded in 2013 in Beijing. Headquartered in Singapore. Citizens cannot use Huobi in the US. - F/ p& N0 D b' x: Z1 ^
6 a: a% Z8 j$ }; w#7 Bitfinix - 24h Volume: $ 77 428 432. ( F! q. R5 I) h
Bitfinex is located in Taipei, T'ai-pei, Taiwan. Bitfinex is not currently available to U.S. citizens or residents.
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My bitcoin-blog: https://sites.google.com/view/my-crypto-jam/blackrock
2 L: k9 h, K; C. BCrypto Review: https://my-crypto-jam.blogspot.com/2023/09/BlackRock.html
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