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Payments Giant Visa Intends to Develop a Blockchain-based Payment Infrastructure

ByLouis Adams

Jan 26, 2023 #Blockchain
Reading time: < 1 minute

Payments company Visa has been interested in blockchain for the past few years. For example, the giant announced in 2021 it planned to integrate digital currencies into its payment infrastructure.

The company’s CEO, Alfred Kelly, has told the company’s shareholders that in the future, the payment system will adopt the tools of the blockchain industry.

With their help, Visa plans to create a new generation of global infrastructure that will allow users to pay for goods and services with very low transaction costs.

Stablecoins, a kind of crypto that is linked to another asset, for example the USD, to limit volatility, can become the main payment instruments in the emerging ecosystem.