Visa now settles payments in USDC stablecoin on Ethereum blockchain (opens in new tab)

(theblockcrypto.com)

22 pointsgge4y ago4 comments

4 comments

Great idea. Only $30 processing fee.

The settlement will be batched daily, possibly longer. Any crypto processing fees will be massively dwarfed by the interchange fee, so much so as to not even be worth thinking about.

jl27184y ago

I think the article is saying that Crypto.com now pays their interchange bill with USDC. Nothing about the actual card payments.

ggeOP4y ago

Settlement != payment

j / k navigate · click thread line to collapse

4 comments

jl27184y ago

Great idea. Only $30 processing fee.

jtsiskin4y ago

The settlement will be batched daily, possibly longer. Any crypto processing fees will be massively dwarfed by the interchange fee, so much so as to not even be worth thinking about.

jl27184y ago

I think the article is saying that Crypto.com now pays their interchange bill with USDC. Nothing about the actual card payments.

ggeOP4y ago

Settlement != payment

j / k navigate · click thread line to collapse