Visa is taking a major step forward in digital financial transactions by incorporating the high-performance Solana blockchain into its USDC settlement framework. This move promises ultra-fast transaction confirmation, negligible transaction costs, exceptional throughput, and robust decentralization. To further expand the choice of settlement currencies to businesses worldwide, Visa has also announced new collaborations with merchant acquirers Worldpay and Nuvei. Visa’s journey into blockchain-based payments began in 2021 with a pilot program involving Ethereum and Crypto.com. This initiative has now led to the inclusion of Solana, demonstrating the critical role high-performance blockchains are set to play in the future of digital transactions. By integrating both the Solana and Ethereum networks, Visa has succeeded in establishing new benchmarks in cross-border fund transfers between various financial institutions. Visa’s pioneering steps in blockchain technology are set to bring in a transformative era in digital payments and fund movement.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	10
People	None
Companies	Nuvei, Solana, Visa, Ethereum, Worldpay
Currencies	nuvei, Solana, USD Coin, Ethereum, Bitcoin
Securities	None