Visa, the credit giant, has come up with a proposal that would allow Ethereum users to make transactions without the involvement of any third party. They can make payments directly from their own self-custodial wallets.
Account Abstraction, an Ethereum feature, which is still under review will be likely used to do these transactions using Visa, for automatic payments. This feature will allow customers to pay recurring bills, which is not allowed at the basic level by Ethereum.
How will the Ethereum integration work?
Visa highlighted that it was able to merge the features of user accounts and smart contracts into a single model of Ethereum account by employing account abstraction. The resulting account was referred to as a “delegable account” by the corporation.
Using this method, a retailer can set up a smart contract for automatic payments. A merchant can initiate a payment by using the charge function of the automated payments contract when a user with a delegable account gives c
We współpracy z: https://coingape.com/visa-proposes-ethereum-integration-for-automatic-payments/
