Want a Cut of Global Visa Card Transactions? If You’re a Solana Holder, You’re About To Get ‘Em!

TL;DR

• Visa is trying to make use of Solana-based USDC stablecoin funds to make these transactions hit customers accounts almost immediately (beginning with worldwide funds).

• There are roughly 2.9B Visa playing cards in international circulation proper now, the customers of which will not even know they’re utilizing/supporting the proliferation of blockchain expertise (it’s going to all occur within the background).

• These USDC funds do not come without spending a dime – there is a community payment charged on each transaction (and Visa processes 242B transactions per yr). The extra of those which are achieved on crypto rails → the extra money flows into Solana → the upper the SOL worth climbs (in concept).

Full Story

Bear in mind as a child, that week earlier than Christmas, as presents would begin to accumulate below the tree?

You possibly can see them. You possibly can contact them. However you could not open them (until you dared stoke the wrath of mother).

In the event you’ve ever run a enterprise, obtained a credit score cost, or waited on a world wire – you may have skilled one thing related.

The cash is sitting proper there in your account…however it’s ‘PENDING.’

(Taking a median of 1-3 enterprise days to clear).

It is an annoying drawback for customers, and a tense one for enterprise house owners.

Crypto fixes this.

Visa is trying to make use of Solana-based USDC stablecoin funds to make these transactions hit customers accounts almost immediately (beginning with worldwide funds).

Okay, okay, we all know what you are pondering.

“…funds!? You set funds within the ‘💅 That is cool’ part?? You do not need to wield the coveted nail-painting emoji.”

And also you make a good level…

So this is what’s cool about this, damaged into two classes:

1. The broader crypto ecosystem

   This integration of blockchain is sort of a computer virus for crypto adaption!

   There are roughly 2.9B Visa playing cards in international circulation proper now, the customers of which will not even know they’re utilizing/supporting the proliferation of blockchain expertise (it’s going to all occur within the background).

2. The Solana ecosystem

   In the event you’re a Solana holder, that is nice information!

   These USDC funds do not come without spending a dime – there is a community payment charged on each transaction (and Visa processes 242B transactions per yr).

   The extra of those which are achieved on crypto rails → the extra money flows into Solana → the upper the SOL worth climbs (in concept).

Not unhealthy. Not unhealthy in any respect.