🚀Attention BTC enthusiasts! Visa, the American payment giant, is exploring ways to make your crypto life easier by allowing you to pay on-chain gas fees with a Visa card! 💳

Visa's product manager, Mustafa Bedawala, highlighted the challenge of users needing to manage their ETH balance for gas fees. The company is now experimenting with an option to pay these fees directly in fiat money through card payments, simplifying blockchain transactions. 🎉

With Visa's solution, users won't need to hold native tokens just to cover gas fees. The proposed method leverages Ethereum's ERC-4337 standard and a 'Paymaster' contract, enabling customers to use a Visa card for direct gas fee payments. This is expected to be a major relief for existing users and streamline the onboarding process for new ones. 🌐

Visa's approach involves receiving the user's gas fee payment off-chain through a Visa card and covering the equivalent sum on-chain on their behalf. This makes the gas fee experience resemble a typical card payment transaction. 🔄

The company has already tested this idea on the Ethereum Goerli testnet, successfully handling fees via the Paymaster and eliminating the need for ETH in the process. So, get ready for a more convenient way to pay your gas fees with Visa! 🎊