Visa using Ethereum to settle Transactions using USDC stable coin
Visa was very much anti-cryptocurrencies, but like many companies have started to embrace cryptocurrencies in their ecosystem. Visa will be using Ethereum blockchain to settle its transactions in USDC, a stable coin backed by US dollar.

Visa will be working with Crypto.com, which is already a Visa partner, will also be offering this functionality to other partners by end of this year.
Crypto.com already offers its users ability to spend their crypto direct using a Visa debit card, which was previously called MCO Visa card. This announcement is an important milestone in cryptocurrency world as Visa will be using second most popular cryptocurrency, Ethereum to settle its transactions.
Yes, there are much more efficient blockchains out there, Cardano, Stellar and Ripple but none of those have development compared to Ethereum.
For those who don’t know, Ethereum has more developers than any cryptocurrency ecosystem, including Bitcoin. Most development is being done in Ethereum ecosystem which is probably why Visa chose Visa instead of something like Stellar, Algorand where USDC stablecoin is also issued by Circle and Center.
We are very sure, we will be hearing something very similar from Visa’s rival, MasterCard soon otherwise it will be left behind in technology race.

Related topics
- How to claim 1inch Airdrop by 1inch exchange?
- DeTrade Fund exit scams, runs away with 1438 Ether
- BAT token no longer credited to iOS users
- Coinbase Custody adds NuCypher, Curve, Ren, WBTC, TBTC, DFI Money
- Bitfinex to support Ethereum 2.0 migration with staking rewards
- Ethereum Classic hard fork to change mining algorithm to ETC Hash
- Flash loan attack worth $7M on Value DeFi
- Unilayer is existential threat to centralized cryptocurrency exchanges
- Bancor 2.1 live on Ethereum blockchain
- 20.8 Ethereum stolen from a user and he has no idea on how it happened
- BREE token exit scams – How to withdraw LINK from CoinBreeder
- Hyperledger Besu will implement MESS to prevent 51-percent attack on Ethereum Classic blockchain
- Uniswap and KYC rumors – Will KYC kill Uniswap exchange?
- Status version 1.7 brings iOS notifications, mentions, local nicknames and more
- Trade UNI Token on CEX.io with leverage