Payment giant Visa on Monday published a paper that outlines how it could possibly in future collaborate with the Ethereum network on automatic payments.
Visa has proposed a solution known as “account abstraction” that utilizes smart contracts to enable automated programmable payments on the Ethereum network. Visa’s proposal would involve creating a smart contract that will act as an intermediary between user accounts and a contract account and would allow for the creation of a self-custodial wallet enabled to make automatic and recurring payments without the need for a user actively participating in the process per reports by CoinDesk. Visa added that such a solution would allow recurring payments to be processed entirely over blockchain networks and have suggested deploying the functionality on the Ethereum layer 2 network StarkNet. Such capabilities are not yet possible on the Ethereum mainnet.
Auto-Payments Signal Visa’s Commitment to the Crypto Space
Cryptocurrency auto-p
We współpracy z: https://cryptodaily.co.uk/2022/12/visa-to-collaborate-with-ethereum-to-further-crypto-development
