Payments giant Visa announced Tuesday that it expanded its stablecoin settlement capabilities with Circle’s USDC to the Solana blockchain to offer high-speed performance.
On Tuesday, the San Francisco-based payments giant Visa announced that it expanded stablecoin settlement capabilities with Circle’s USDC. Visa said it added pilot programs with merchant acquirers Worldpay and Nuvei and is harnessing the power of the Solana (SOL) blockchain to do so.
Visa Revolutionizing Cross-Border Payments
In a bid to modernize cross-border settlement transactions, Visa announced via a press release that it is expanding its stablecoin settlements to the Solana blockchain and is working with merchant acquirers Worldpay and Nuvei. Visa became one of the first major payment institutions to utilize Solana at scale to offer settlements.
According to its statement, Visa initiated pilot programs with merchant acquirers Worldpay and Nuvei. The two companies process credit and debit card payments f
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