Visa announced plans to use its payment network to settle USD Coin (USDC) transactions. USDC tokens are stablecoins, pegged to the value of a US dollar.
Why should you care? Think about how easy it is to use a Visa card to buy something in a store. If successful, this new service — a partnership between Visa, Crypto.com, and Anchorage, the first federally chartered digital asset bank — will make it that easy to pay with crypto.
One good way to accomplish this is to streamline the process by allowing USDC transactions to settle in USDC tokens. That’s the goal of the Crypto.com Visa program. It’s an exciting step toward the blending of traditional banking, fintech, and the world of DeFi.
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.