Visa now settles payments in USDC stablecoin on Ethereum blockchain

The settlement will be batched daily, possibly longer. Any crypto processing fees will be massively dwarfed by the interchange fee, so much so as to not even be worth thinking about.

Re: Visa now settles payments in USDC stablecoin on Ethereum blockchain

#5

Post by jl2718 » Tue, Mar 30, 2021, 4:29 AM UTC

jtsiskin wrote: post #4

jl2718 wrote: post #3

Great idea. Only $30 processing fee.

The settlement will be batched daily, possibly longer. Any crypto processing fees will be massively dwarfed by the interchange fee, so much so as to not even be worth thinking about.

I think the article is saying that Crypto.com now pays their interchange bill with USDC. Nothing about the actual card payments.

Re: Visa now settles payments in USDC stablecoin on Ethereum blockchain

#6

Post by gge » Tue, Mar 30, 2021, 12:08 PM UTC

jl2718 wrote: post #3

Great idea. Only $30 processing fee.

Settlement != payment