Visa Testing

Hi Friends,

The big news today for crypto was that Visa was launching a program to use its payments network to allow cryptocurrencies to be settled, albeit only through the stablecoin USDC (dollar peg) for now, via the Ethereum blockchain.

The news helped ETH pop today:

This is one step toward continued crypto adoption, though certainly less impactful than the PayPal news or news of BTC being added to corporate balance sheets, at least until Visa and other major transaction payment clearers offer options beyond stablecoins.

To me, big business is starting to realize they need to get on this before they are left in the dust by consumer preferences for more options, including paying for things in cryptocurrency.

What are your thoughts on this?

Thanks for coming by, Brian

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