Payments giant Visa has announced that it will use the Solana (SOL) blockchain in its stablecoin initiatives.
Global payments giant Visa continues its work in the field of digital assets and stablecoins at full speed. In this context, Visa announced its Solana cooperation as its last move. Visa has announced that it will move its efforts to the Solana network to make stablecoin transactions high-performance.
New move from Visa: Solana preference!
Visa, one of the world’s largest payment network providers, is turning to Solana (SOL) network as part of its initiatives in the field of digital assets. Visa will continue its stablecoin work from the Solana network.
Visa had started stablecoin initiatives as part 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.
“By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we are helping to accelerate the speed of cross-border payments, giving our customers a modern option to easily send and receive funds from the Visa treasury,” Visa said in a statement. it was said.
Jeremy Allaire, co-founder of Circle, said in a statement, “showing how pairing USDC with Visa’s innovation is opening the future of payments, commerce and financial applications.” said.
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