Visa Pilots 'Paymaster' Feature To Simplify Crypto Gas Fees
Portfolio Pulse from Benzinga Neuro
Visa is testing a feature to simplify on-chain gas fee payment in crypto transactions. The feature, known as 'Paymaster', aims to eliminate the need for managing Ethereum balances to cover fluctuating gas fees. Users could directly pay gas fees using their Visa cards, introducing a new level of convenience to crypto transactions.
August 15, 2023 | 8:14 am
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POSITIVE IMPACT
The new feature by Visa could potentially increase the usage of Ethereum, positively impacting its price.
Visa's new feature uses Ethereum's ERC-4337 standard and could potentially increase the usage of Ethereum. This could lead to an increase in demand for Ethereum, positively impacting its price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Visa's new feature could potentially attract more users to its platform, potentially boosting its revenues.
Visa's new feature simplifies the process of paying gas fees in crypto transactions, which could attract more users to its platform. This could potentially lead to an increase in its revenues, positively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100