💳 Visa has added support for three stablecoins and two blockchains as part of its cryptocurrency business development.
The following have been added to the Visa network:
✅ USDG, PYUSD, and EURC, as well as the XLM and AVAX blockchains.
🪙 The Avalanche blockchain stands out from its competitors with its low transaction fees. Currently, it is approximately $0.04 per transaction. While in the Bitcoin and Ethereum blockchains, this figure can exceed $1. Until now, the Visa system only worked with the USDC stablecoin and the ETH and SOL networks. Accordingly, the introduction of new digital assets and blockchains will significantly expand the capabilities of the company's clients, who will be able to buy and issue four different stablecoins in four networks.
💲Visa is creating a multi-coin and multi-network platform to meet the needs of our partners around the world.
We believe that stablecoins will fundamentally transform the process of sending money when they become reliable, scalable, and interoperable, - said Rubail Birwadker, head of product development at Visa.
❗It's time to enter the crypto world!
