03 Oct 2022 By PAYCEC
Visa has adopted blockchain technology for quite some time. The company had worked with Crypto.com to offer crypto-based rewards debit cards for several years, but the process was costly and time-consuming.
So in October 2016, Visa announced a collaboration with Chain, a prominent blockchain enterprise company, to develop Visa B2B Connect, a more secure way to process B2B blockchain international payments.
In 2019, Visa proposed allowing digital currency settlements over a public blockchain via its partner Anchorage, the first federally chartered digital asset bank.
From then on, Visa has been piloting the new program using USD Coin after upgrading its infrastructure.
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