The world’s largest payment processor, Visa, shared new thoughts on developing stablecoin settlements on its platform. According to the presentation at Starkware Sessions 2023, Visa is planning to provide access to users to convert crypto assets to fiat currencies on its own platform.
Cuy Sheffield, Head of Crypto Visa, said, “We have been testing how to actually accept settlement payments from issuers in USDC starting on Ethereum and paying out in USDC on Ethereum.”
Source: https://www.thecoinrepublic.com/2023/02/06/the-next-move-for-visa-stablecoin-settlement/