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Visa’s crypto strategy targets stablecoin settlements

Published 02/05/2023, 11:03 AM
Updated 02/06/2023, 01:00 PM

Payment company Visa (NYSE:V) is seeking to build “muscle memory” around settlements, with plans to allow customers to convert digital assets to fiat currencies on its platform, according to a presentation from the company’s crypto division head at StarkWare Sessions 2023.

“We’ve been testing how to actually accept settlement payments from issuers in USDC starting on Ethereum and paying out in USDC (USDC) on Ethereum. So, these are large value settlement payments,” Cuy Sheffield said during a fireside chat at the event. Cointelegraph’s team is on the ground in Tel Aviv covering the two-day Ethereum community conference.

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