Solana (SOL) announced on its Twitter account that global payment giant Visa has expanded its stablecoin service to include Solana.
The following statements were included in the post:
“Breaking: Visa expands Stablecoin Exchange Pilot to Solana.
Visa is scaling its USDC payment pilot to include the Solana blockchain, enabling enterprise-grade transaction throughput at virtually no cost to Visa issuers and merchants on Solana.”
1/🏦Breaking: Visa Expands Stablecoin Settlement Pilot to Solana@Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. https://t.co/rF5ouZaISM
— Solana (@solana) September 5, 2023
Visa said in a statement that it is expanding its stablecoin exchange services to the Solana blockchain to improve and modernize cross-border money transfers.
Visa head of crypto Cuy Sheffield said:
“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.
“Visa is committed to staying at the forefront of digital currency and blockchain innovation and leveraging these new technologies to help improve the way we move money.”
*This is not investment advice.
