Visa to allow payments using cryptocurrency
Image Credit: NewsBytes
Visa Inc. will wade deeper into digital currency waters as it green-lights the use of cryptocurrency to directly settle payments on its network. Visa has partnered with crypto platform Crypto.com in a pilot program to settle some transactions using US dollar-pegged cryptocurrency USD Coin (USDC) on the Ethereum blockchain. The move allows purchases to take place directly in cryptocurrency without any traditional money involved.