VISA may start supporting the USDC stable coin thanks to Circle

[BrolySSJ 7899]

The USDC stable coin is widely used by many of the crypto users. However, the users of crypto have been limited over the years by the number of merchants that accept crypto as a form of payment. This, however, may be the end of those limitations, as VISA looks to integrate the USDC coin into its payment system thanks to the help provided by a company called Circle. 

 

In a recent article, it appears that VISA itself won't have any direct dealings with the USDC coin, however, Circle will be working to integrate software into VISA that will support payment forms through this stable currency. This was confirmed by the Circle CEO who is claiming that they are targeting a launch of this system as early as next year, 2021. 

 

This in my opinion will drastically increase the usability of the cryptocurrency stable coin USDC and will also increase the number of ways in which you can use your cryptocurrencies, as you will be able to exchange your currencies for this coin on any exchange and then make use of it at any merchant that accepts VISA. What do you think about this development? With this integration into VISA we are slowly buy surely starting to see the bridge being built between fiat and crypto currencies. 

[Syedbesharat 5423]

VISA is big name of banking and finance where their master card is acceptable through out the world. the are also entering in the crypto world by adoption of Stable coin for payment where they now have payments in system through digital currency. This is one step toward future and like many new adopter they will observe and invest more after sometime the crypto is getting more and more on-board brand, companies. The next year is gonna crypto  year for us. 

[MuhammadSh 3067]

Visa isn't just a company like others.. it has its good place for sure and news like this would really be good for this crypto world! we can see many good news during the last period also during the best situation for bitcoin since many years and that's should attract more people to join this crypto world and believe in its future! the companies trying to benefit from some cryptocurrencies projects and we can see this adoption after btc and many cryptocurrencies have proved for all of us that they deserve their great places in the market and even in this financial world..

[Jromz 2158]

This may be certainly helpful in terms of adoption, as VISA is a major player in the digital payment business. Yet, I'm curious what would be then the difference between paying with USDC (or any stable coin) and paying with regular USD? It remains to be seen how this actually affects the whole crypto space. 

[Zezo 306]

This will be very useful for people who have Visa cards in their country and is also a positive step in the crypto world, just as when PayPal is supported by Bitcoin payment.

[setifien 1016]

This would have a great influence on the crypto community and it will attract more people to join the world of virtual currencies; I think these small steps are a good beginning to the mass adoption of crypto

Edited December 7, 2020 by setifien

[Farukatie 1271]

On 12/3/2020 at 1:36 PM, BrolySSJ said:

The USDC stable coin is widely used by many of the crypto users. However, the users of crypto have been limited over the years by the number of merchants that accept crypto as a form of payment. This, however, may be the end of those limitations, as VISA looks to integrate the USDC coin into its payment system thanks to the help provided by a company called Circle. 

 

In a recent article, it appears that VISA itself won't have any direct dealings with the USDC coin, however, Circle will be working to integrate software into VISA that will support payment forms through this stable currency. This was confirmed by the Circle CEO who is claiming that they are targeting a launch of this system as early as next year, 2021. 

 

This in my opinion will drastically increase the usability of the cryptocurrency stable coin USDC and will also increase the number of ways in which you can use your cryptocurrencies, as you will be able to exchange your currencies for this coin on any exchange and then make use of it at any merchant that accepts VISA. What do you think about this development? With this integration into VISA we are slowly buy surely starting to see the bridge being built between fiat and crypto currencies. 

This will be a great influence on cryptocurrencies. It will gives a great impact to the world of cryptocurrencies. Because in this way many people will joined this cryto world and become a part of this reliable world.

[Maaz sultan 265]

That's a good news for this crypto community `and by the time there are more and more companies are coming to make business with these crypto market and currencies as PayPal starts to work with crypto and many multinational companies are developing their crypto coins like Samsung ,Facebook and so on ..

[Amiami 1362]

This is undoubtedly a good opportunity to demonstrate the potential for savings and spending stable currencies, especially considering that it would take the Visa brand as a promoter, however, commissions and relationships should be studied based on the USDC rate, will be maintained the rates or they will be changed for the benefit of the receiver to offer greater fiscal security ? Is it a good question do not you believe it?

[sabiqalrayan 482]

Dear friend this is great news for cryptocurrency user because VISA banking is best banking in the world. Day by day increases cryptocurrency adopt and PayPal, VISA is best platform for money transaction. I think cryptocurrency use in future as digital money and all platform support cryptocurrency.

[1qDan 478]

It is impressive that so many organizations are adopting different cryptocurrencies, banks, payment methods and companies, all betting on the future of bitcoin and its counterparts, in this case the USDC would be interesting to use it to pay anywhere, that is, you support cryptocurrencies and their promote adoption.

[pablomarwan 3082]

You have the right to the companies trying to merge them for the sake of stability. And pave the way to that slowly. This merger will save us some of the transactions that we will perform from one box to another, or adopt them as a payment method in some areas outside your country like this.

[nykas 2812]

I think integration stable coins in currently financial system is the next step for cryptocurrency world development. Unfortunately world isn`t still ready for massive crypto adoption, but step by step we will definitely reach it. And such partnerships are very significant for cryptocurrency growth 

[Froshk 1828]

VISA is one of the biggest financial merchants available, only second to mastercard, the fact that they are supporting coins like tether is a very good development. 

[mzk7736 1592]

Visa is one of the largest financial transfer company throughout the world. They have started to accept crypto with a stable coin which can be just for experiment and in future day also except other cryptocurrencies.

[Edwinvicky 819]

It is a nice move and welcome development, soon many will join the race, as paypal adopted crypto already the rest company will join. Next year 2021 more will follow and join.

[Khan 1414]

On 12/7/2020 at 2:57 AM, Zezo said:

This will be very useful for people who have Visa cards in their country and is also a positive step in the crypto world, just as when PayPal is supported by Bitcoin payment.

This is only goo for those who can show their money to the government because this way they can be traced and the government can track their income and outcome.

[cryptovlek 2597]

This is something good to know, as I didn't know USDC had this popularity and even Visa was considering it. This means that USDC is more dollars in circulation then and we can call it fiat since if Visa accepts it then it has the backing of the US government. I never expected this.

[zhoutong 2188]

USDC is in ethereum isn't it? How is Visa planning to deal with the high Ethereum fees? It could not be useable for now as nobody wants to pay these high fees to move stablecoins. Visa when they find it they will laugh and ignore Coinbase and USDC.

[percare 3192]

USDC is taking it very differently from Tether, however all the stable coins will require a regulation to keep being active as we see Tether for example rising too fast while we are more than suspicious they don't have cover for the backed USDT as they claim. Moreover USDC is now moving to similar steps having four billion market cap already and all this while it is interesting it will probably be met by a law that will limit them and can even ask to cease and desist their operations.

[Sykkuno 2887]

USDC is doing it correctly while USDT is saying one thing and doing another, by not providing access to bank deposits or assets as they should be, in any case I think USDT will be in trouble soon, while USDC will take over where Tether left, without creating any problem in the market if USDT is to be abandoned.

[Whited35 15285]

On 12/3/2020 at 2:21 PM, BrolySSJ said:

In a recent article, it appears that VISA itself won't have any direct dealings with the USDC coin, however, Circle will be working to integrate software into VISA that will support payment forms through this stable currency. This was confirmed by the Circle CEO who is claiming that they are targeting a launch of this system as early as next year, 2021. 

Maybe the implementation will be in contrast presumably in mid February 2021. PayPal has recently allowed cryptocurrency holding and another biggest payment processing giants VISA and Circle are co-operating to adopt blockchain based stable currency USDC. All these sort of activities from the biggest financial institutions are indicating, how companies are daring to adopt blockchain solution 😉!

[Fixfin 2569]

I thought circle was responsible and handling  USDC, which is also linked with Coinbase, nonetheless it is very important to know that Visa is looking for this partnership, still it is not something that concerns me as I am not using stable coins, I have my investments in BTC and sometimes I trade a few altcoins in btc again but never used any USDT or USDC.

[ibrahim halil anaç 138]

This development is a big and forward step for VISA. VISA should probably have seen the near future. Since the near future will be the crypto world, it is very smart and clever that VISA tries to make its future place.

[bogdanoff 3173]

How is this going to work for us? I don't hold any USDC but if I would, then I could exchange to fiat using a visa service and paying a fee for that? And as a payment form it means that I own USDC in a wallet and can use something Visa has to pay instead of fiat with USDC? It got me a little confused.