Major credit credit provider Visa (NYSE:) is piloting a program that will allow its partners to use the (ETH) blockchain to settle a transaction made in fiat.
In a Monday announcement, Visa said it will be partnering with cryptocurrency exchange platform and card issuer Crypto.com to offer a crypto settlement system for fiat transactions later this year. Visa’s partners will reportedly be able to exchange USD Coin (USDC) over the credit card’s payment network to clear transactions made in fiat currency.
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