VISA looks set to start accepting USDC stable coins

[BrolySSJ]

Recently there has been many of the payment giants that are starting to explore the world of cryptocurrencies and even getting involved within the crypto space by accepting and allowing payments through this means. Not only is this great news for crypto users, but it also opens the users of that payment system, to the possibility of crypto. Furthermore the confidence they have in crypto is increased by the mere fact that these companies are willing to accept it, leading to a greater reputation for the crypto world.

With PayPal recently accepting crypto, it seems that VISA may soon be following in these footsteps. There are reports that the VISA company may start accepting the use of the USDC stable coin for payments. The system is expected to begin operation as early as the start of next year (2021). What are your thoughts on this? VISA is accepted at most retailers and this will greatly expand the uses of the cryptocurrencies that users may possess.

 

[giddy]

In a nutshell, USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. Besides, USDC tokens can be changed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.
Bringing US dollars on the blockchain allows moving them anywhere in the world within minutes, and brings much-needed stability to cryptocurrencies. Also, it opens up new opportunities for trading, lending, risk-hedging and more.

 

[zagzagi]

The payments giant VISA announced that they have integrated USDC, a stable coin (fixed value crypto money), into their networks. The decentralized, US dollar-indexed cryptocurrency, developed by Circle and Coinbase, takes a big step towards integrating into traditional markets.

Visa will issue credit cards authorized to receive and send USDC cryptocurrency. With the realization of USDC (fixed value crypto money) payments everywhere that accepts Visa, the demand for USDC will increase. At the same time, Visa, which will ensure the acceptance of USDC in businesses, will be the first institution in its sector to take the step regarding USDC. Thus, it looks like a cryptocurrency debit card will come from Visa.

 

[Ralphjoe]

This is a great news for all cryptocurrencies enthusiast like me, this shows that cryptocurrencies are growing astronomically worldwide. The next step is that master card and American Express will follow suit. It will be the most cheering news for cryptocurrencies all over the world.

 

[Eodine]

USD coin that is a token us dollars now partnering with payment companies. Little wonder they are starting to look to work with visa. This is a good one for all those looking for easy payments online and even offline because it gets better.

 

[mcjerry]

This is a sign that crypto currency and Blockchain technology is the future. It was PayPal that announced there integration of crypto currency. Now visa card has joined the league. Soon banks will accept crypto currency

 

[Royalty]

The impact of cryptocurrencies in the world generally as made it recognized as value exchange with physical cash and other countries soon will follow suit.
The credit card company Visa just announced that they’ll be working with Circle Internet Financial for USDC. Earlier this week, Visa announced a partnership with BlockFi to offer a Bitcoin Rewards Credit Card that offers 1.5% of purchases rewarded as Bitcoin. It’s almost as if Visa has accepted the idea that cryptocurrency is the way of the future, and the company wants to get in on the business before they find their business struggling to catch up.

 

[tuna89]

Thank you for providing these information, this is to tell us that the crypto world is definitely advancing and at this point it is very advisable to invest in valuable ones, paypal would integrate bitcoin into their system and accept it as a mode of payment, now its VISA to USDC, more financial institutions may likely join and integrate other cryptos soon.

 

[Sammyesx]

That Will be a very good development, it will definitely increase the usage of the coin, I believe the motivational factor to this is the stability of the coin, with these development more payment system will definitely start doing same.

 

[Yaqoob Habib]

That Will be a very good development, it will definitely increase the usage of the coin, I believe the motivational factor to this is the stability of the coin, with these development more payment system will definitely start doing same.

Good news for Cryptocurrency. Credit card giant visa today announced it is connecting it's global payments network of 60 million merchants to the U.S Dollar coin (USDC) developed by circle internet Financial on the Ethereum Blockchain.The digital currency is now valued at $2.9 billion.

 

[Nomad]

Visa has already accepted 35 different crypto wallets to be used in its network. This provision allows people to fund their cryptos into Visa card and use it just like a normal cards

 

[BrolySSJ]

Visa has already accepted 35 different crypto wallets to be used in its network. This provision allows people to fund their cryptos into Visa card and use it just like a normal cards

This is a very good thing, because then the uses that you have for your cryptocurrency can now be increased drastically to even those stores that do not accept it directly, as you will be able to pay via your visa card, which most people have.

 

[Dowenship]

Recently there has been many of the payment giants that are starting to explore the world of cryptocurrencies and even getting involved within the crypto space by accepting and allowing payments through this means. Not only is this great news for crypto users, but it also opens the users of that payment system, to the possibility of crypto. Furthermore the confidence they have in crypto is increased by the mere fact that these companies are willing to accept it, leading to a greater reputation for the crypto world.

With PayPal recently accepting crypto, it seems that VISA may soon be following in these footsteps. There are reports that the VISA company may start accepting the use of the USDC stable coin for payments. The system is expected to begin operation as early as the start of next year (2021). What are your thoughts on this? VISA is accepted at most retailers and this will greatly expand the uses of the cryptocurrencies that users may possess.

This Will make withdrawal and deposit more easier. I sensed that visa are looking at the bright part of crypto so that they can remain in business.

 

[BrolySSJ]

This Will make withdrawal and deposit more easier. I sensed that visa are looking at the bright part of crypto so that they can remain in business.

It is definitely a very good development because it increases the potential use that cryptocurrency has. If we look at any website we can actually see that they are accepting payments by means of the visa payment platform and therefore if they integrate cryptocurrency it means that they will also be accepting cryptocurrency to a certain extent as well. However, I think that at the same time we need to see how this is integrated into cryptocurrency and visa applications because that will be the primary means of determining how it moves forward and the confidence that people will gain from this as well.

 

[Alexandoy]

If this is a news in future tense then maybe I will just wait if this comes true. You know, there are many future tense news about crypto. Just in some forums those prediction of news are more than a hundred maybe. My question is the Facebook Lira. That is real news that did no proceed.

 

[Setho]

This is the kind of news that is definitely going to make the crypto projects to grow faster. This is a time where people are to begin to adopt cryptocurrencies and this is a very good move by Visa.

 

[gammarays]

Stablecoins are less volatile when compared to other tokens. They're mostly suited for payment services and ecommerce platforms. I think they should be on cheap blockchains with low fees.

 

[Didosky]

That is good news for every one who is into cryoto currency because at least it will smoothly contribute alobto reduce cost of visa

 

[BrolySSJ]

If this is a news in future tense then maybe I will just wait if this comes true. You know, there are many future tense news about crypto. Just in some forums those prediction of news are more than a hundred maybe. My question is the Facebook Lira. That is real news that did no proceed.

It is a much better idea to wait and see how it has to progress moving forward because there is also some concerns that are surrounding stablecoins at the moment in the sense that they may not be as secure as we think and the SEC may be targeting them in the future since they are considered to be securities to a certain extent. This is some speculation however and has not yet been confirmed, but news like this will surely affect developments of this nature.

 

[Chibson]

It is just a matter of time and other payment gateways will start accepting cryptocurrencies. This is a very good development even though the news is quite old.