Stablecoins, Visa for Adoption ? – The payment giant’s interest in the cryptocurrency is verified day by day. Last month, at the company’s shareholders’ meeting, the CEO was praising MNBCs and stablecoins. Barely two weeks later, again during the StarkWare Sessions 2023 in Tel Aviv with statements from the house crypto manager, Cuy Sheffield. Visa multiplies the declarations of intent and the community begins to take them seriously!
Head of Crypto at Visa Declares Love for Cryptocurrency
The StarkWare Sessions 2023 were therefore held in Tel-Aviv on February 5 and 6. This event brings together ecosystem stakeholders Starknet And Ethereum. For two days, debates, round tables, workshops and conferences took place. The goal is to take stock of the latest progress of these various projects. Moreover, to know more about Starknetthis hot article just got out.
And it was during an informal conversation with journalists and participants that Cuy Sheffield indulged in some confidences:
“We tested how to actually accept USDC payments starting with the Ethereum network. And these are payments with significant values. »
According to this official, the ability for market players to convert from digital currency to traditional currency and vice versa will be one of the essential components of the future global transactions. And these are areas in which Visa invest a lot.
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The SWIFT system will have to adapt to these new technologies
However, Cuy Sheffield recognizes that the current payment system is coordinated internationally by the SWIFT system. There Society for Worldwide Interbank Financial Telecommunications is a non-profit cooperative society formed by European bankers. The idea being “to facilitate secure and standardized transactional communication between its members”.
For Visa it is therefore a question of adapting and, if necessary, modifying the existing one:
“Visa is installed in Swift and therefore we cannot move money as often as we would like because there are a number of limitations that exist in these networks. So we experimented with things and we announced it publicly. We tested how to actually accept payments with stablecoins. »
Finally, the leader will end his speeches by confirming that Visa explores many different ways to take advantage of the technology of the blockchain. And in particular by exploiting second-layer networks and stablecoins. One ad after another, the company to 3 billion customers is making a place for itself in the sun of cryptos.
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