Visa revealed!! It wants its customers to be able to convert their digital assets into fiat currency on their platform.

Payment Company Visa The goal is to allow customers to convert their digital assets into fiat currency on their platform. According to the company’s head of crypto Cuy Sheffield at StarkWare Sessions 2023.

“We tested ways to accept real payments from USDC issuers, initially on Ethereum, and pay USDC on Ethereum, so these are huge payments,” Sheffield said.

The executive said that global payments with digital assets and fiat currencies are among the channels Visa is investing in.

“That’s one of the areas we need. Just as we can convert dollars to euros in cross-border transactions. We should also be able to convert between digital token dollars and traditional dollars.”

“On Swift, we can’t move money as often as we’d like. Because there are many limitations inherent in those networks, so we experiment. And we’re testing ways to accept payments. [ด้วยเหรียญ Stablecoins]Sheffield explained.

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