Visa will explore the possibility of automatic payments in cryptocurrencies
US payment giant Visa sees promise in blockchain and related technologies. The company plans to partner with the Ethereum ecosystem to implement automatic payments in cryptocurrency.
“We intend to actively participate in the development of technical innovations that occur in the cryptocurrency industry. And the best way to do this is to practice by delving into Web3 infrastructure and blockchain protocols. We are confident that these areas will be extremely important for payments in the future,” said Catherine Gu, head of CBDC and protocols at Visa.
So far, these technologies are in their infancy, Gu noted, but something more could grow from them in the future. To do this, a lot of research needs to be done on the main aspects related to payments - security and scalability, which is what the Gu department is doing.
