Mar 29, 2021

Visa will allow the use of a dollar-backed cryptocurrency to settle payment transactions on its network

Posted by in categories: business, cryptocurrencies

US payments firm Visa announced Monday that it will enable the use of USD Coin to settle payment transactions on its platform.

Visa piloted the payment option via payment platform Crypto.com, and plans to allow more partners the same route later this year.

“Crypto-native fintechs want partners who understand their business and the complexities of digital currency form factors,” Jack Forestell, Visa’s executive vice president and chief product officer, said in a statement.

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