Payment giant Visa announced that it will use the Solana (SOL) blockchain in its stablecoin initiatives.
Global payment giant Visa continues its work in the field of digital assets and stablecoins at full speed. In this context, Visa announced the Solana collaboration as its latest move. Visa announced that it will move its work to the Solana network in order to make stablecoin transactions high-performance.
New move from Visa: Solana choice!
Visa, one of the world’s largest payment network providers, is turning to the Solana (SOL) network as part of its initiatives in the field of digital assets. Visa will continue its stablecoin efforts on the Solana network.
Visa had started stablecoin initiatives within the scope of cross-border payments and networking efforts. In addition to expanding into the Solana network, Visa will also work with Worldpay and Nuvei. These two companies offer commercial purchasing services.
In the statements from Visa, “ By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we help increase the speed of cross-border payments and provide our customers with a modern option to easily send and receive funds from the Visa treasury.” it was said.
Jeremy Allaire, Circle’s co-founder, said in a statement: It shows how pairing USDC with Visa’s innovation opens up the future of payments, commerce and financial applications.” said.
