🚀 Visa Extends Stablecoin Settlement Capability to Solana 🌐

Visa, a global leader in payments, announced the expansion of its stablecoin settlement capabilities to the high-performance Solana blockchain. This step was taken in conjunction with collaborations with Worldpay and Nuvei.

💨 Faster Cross Border Transactions

Visa aims to use stablecoins such as USDC and advanced blockchain systems such as Solana and Ethereum to accelerate settlements across borders. This innovation allows clients to send or receive funds from Visa cash with high efficiency.

🛍️ Smoother Purchases

Visa works with 15,000 financial institutions and more than 25 currencies to ensure transactions run smoothly. This collaboration begins with Crypto.com in 2021, which can now use USDC for Visa card settlement obligations in Australia.

🤝 Collaborate for Progress

Together with Worldpay and Nuvei, Visa goes further to achieve acquisitions. This merchant-focused fintech will benefit from Visa's enhanced settlement options, including sending funds on the blockchain network to speed turnaround times.

🌟 Harnessing Solana's Potential

Visa adopted the Solana blockchain which is known for its speed and efficiency. With a block time of only 400 milliseconds and being able to handle more than 400 transactions per second, Solana enables Visa to provide faster settlement services.

🔮 Towards Digital Future

Visa focuses on collaboration and innovation to empower businesses around the world with multiple payment acceptance options. This expansion of stablecoin settlement capabilities is an important step in modernizing the financial landscape and harnessing the potential of digital currencies.

Conclusion

Visa is committed to shaping a more efficient and interconnected financial world through stablecoin settlements on state-of-the-art blockchain networks. Through partnerships, innovation and adoption of cutting-edge technologies like Solana, Visa is poised to lead changes in the movement of global money.