Visa Wants To Revolutionize Cross-Border Payments With Solana
Portfolio Pulse from Murtuza Merchant
Visa Inc has announced plans to extend its stablecoin settlement capabilities to the Solana blockchain, in collaboration with Worldpay and Nuvei. The company has been transacting millions of Circle's USDC between its partners over the Solana and Ethereum blockchain networks. This move is aimed at improving the speed of cross-border settlement and providing a modern option for clients to send or receive funds from Visa’s treasury.
September 05, 2023 | 7:13 pm
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POSITIVE IMPACT
Visa's use of Ethereum blockchain for transacting USDC could potentially increase the demand and value of Ethereum.
Visa's use of Ethereum blockchain for transacting USDC indicates its trust in the Ethereum network. This could potentially increase the demand and value of Ethereum as more companies might follow Visa's lead and use Ethereum for their transactions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Visa's extension of its stablecoin settlement capabilities to the Solana blockchain could potentially increase the demand and value of Solana.
Visa's extension of its stablecoin settlement capabilities to the Solana blockchain indicates its trust in the Solana network. This could potentially increase the demand and value of Solana as more companies might follow Visa's lead and use Solana for their transactions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Visa's use of USDC for transactions could potentially increase the demand and value of USDC.
Visa's use of USDC for transactions indicates its trust in the USDC stablecoin. This could potentially increase the demand and value of USDC as more companies might follow Visa's lead and use USDC for their transactions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Visa's move to extend its stablecoin settlement capabilities to the Solana blockchain could potentially increase its efficiency in cross-border transactions, which may positively impact its stock.
Visa's move to extend its stablecoin settlement capabilities to the Solana blockchain is a significant step towards modernizing cross-border financial transactions. This could potentially increase its efficiency and speed in processing these transactions, which could attract more clients and increase its revenues, thereby positively impacting its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100