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Visa Leveraging Solana for Stablecoin Payments

Sep 6, 2023 ⋅  3 min read

Visa has integrated with Solana to settle USDC payments, and in doing so also capitalizing on its established relationships with major merchant acquirers like Worldpay and Nuvei. This integration allows retailers to receive funds almost instantly, sidestepping traditional banking delays. While this move enhances the payment infrastructure for stablecoin transactions, there's still a need to incentivize consumers to adopt and use USDC regularly.

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Prior to joining Messari, Seth worked in traditional finance software and services, and has a MSc in Applied Mathematics. Seth is a Senior Research Analyst on the Enterprise Research team, and focuses on infrastructure, verifiable compute, and the AI x Crypto intersection.

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About the author

Prior to joining Messari, Seth worked in traditional finance software and services, and has a MSc in Applied Mathematics. Seth is a Senior Research Analyst on the Enterprise Research team, and focuses on infrastructure, verifiable compute, and the AI x Crypto intersection.

Mentioned in this report