The post Visa Accelerates Crypto Adoption With USDC Integration on Solana appeared first on Coinpedia Fintech News
Visa is strengthening its embrace of cryptocurrencies by expanding support for USDC stablecoin settlements on the high-speed Solana blockchain network.
On Tuesday, Visa announced it was one of the first major financial institutions to leverage Solana for scaling stablecoin settlements. The move builds on previous USDC integrations by Visa on Ethereum.
Visa is also initiating USDC settlement pilots through merchant acquirers like WorldPay and Nuvei. Their business clients can now opt to receive settlements in USDC stablecoins rather than fiat currency.
According to Visa’s head of crypto, Cuy Sheffield, adopting stablecoins and public blockchains will enhance the speed of cross-border payments and modernize offerings.
Visa is trying to leverage stablecoin demand with Solana
The integration highlights the traction blockchain technology is gaining in traditional finance. As
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