Visa Expands USDC Settlement Through Solana Pilot

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• Visa hasactually started a pilot program to sendout USDC to choose merchants utilizing the Solana blockchain
• The relocation intends to boost Visa’s payment facilities by using Solana in addition to Stellar
• Visa’s adoption of stablecoins shows the morecomprehensive pattern in the monetary sector, where property tokenization is acquiring traction

Payments giant Visa is diving muchdeeper into the world of cryptocurrency and blockchain innovation through a brand-new collaboration with Solana. In a justrecently revealed pilot program, Visa will start sendingout USDC, the second-largest stablecoin by market capitalization, to choose merchants through the Solana blockchain, increasing its directexposure to blockchain innovation following its onboarding of USDC 2 and a half years back. The relocation follows competitor Mastercard introducing its own stablecoin-cash pilot 6 months back.

1/🏦Breaking: Visa Expands Stablecoin Settlement Pilot to Solana@Visa is scaling their USDC settlement pilot to consistof the Solana blockchain, makingitpossiblefor enterprise-grade throughput at practically no expense for Visa companies and merchant acquirers on Solana. https://t.co/rF5ouZaISM

— Solana (@solana) September 5, 2023

Two and a Half Years in the Making

Visa started working with USDC in March 2021 through a tie-in with Crypto.com and the business has relatively been pleased sufficient to broaden its services to the Solana blockchain. Now, Visa is taking a action additional by sendingout USDC straight from its treasury to 2 big payment companies, Worldpay and Nuvei. These paymen