#AceNewsDesk – Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain. The digital currency is now valued at $2.9 billion

According to Forbes …….”While Visa itself won’t custody the digital currency, effective immediately, the partnership will see Circle working with Visa to help select Visa credit card issuers start integrating the USDC software into their platforms and send and receive USDC payments. Circle itself is also going through the same Fast Track program. In turn, businesses will eventually be able to send international USDC payments to any business supported by Visa, and after those funds are converted to the national currency, spend them anywhere that accepts Visa. ”

Visa Inc. headquarters in Foster City, California, on November 23, 2020. After two years of work, Visa is opening up its network to USDC, a digital dollar created by Circle Internet Financial and issued on the public ethereum blockchain: “David Paul Morris/Bloomberg”

Published: Dec.02: 2020: https://t.co/9x0r2sczrD
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