Visa has been experimenting with accepting settlement payments in USDC on the Ethereum blockchain and paying out in USDC on Ethereum
The payment company Visa aims to establish a familiar process for settlements by enabling customers to convert digital assets into traditional currencies on its platform. This information was shared by Cuy Sheffield, the head of Visa's crypto division, during a presentation at the StarkWare Sessions 2023.
According to Sheffield, the company has been experimenting with accepting settlement payments in USDC on the Ethereum blockchain and paying out in USDC on Ethereum. These payments are for large-value settlements.