VISA Completes First Cryptocurrency Transaction on Ethereum

[electronicash]

it's in Latin America where there are more unbank people which is why there are more demands there. but won't this also have a high fee as it's on the Ether network?

hope to see a new ATH with this news. it's been sitting on the 54k-57k for a while already it gets dull. it shoots today but didn't breakout thoroughly, a new month and a new green candle stick hopefully.

[turkandjaydee]

I don't understand why such large corporations look only towards Bitcoin and Ethereum.

Which coin is more popular than Bitcoin and Ethereum? Especially for new people who have just entered the cryptocurrency world.
Or just try to imagine yourself as a newcomer in cryptocurrency, which coin comes to your mind first when you heard about cryptocurrency?

Almost every company would like to gain more customers for sure, and you cant attract people if you're talking about unpopular coins.

[Fesatmas]

we've seen it, haven't we?
when Paypal initially announced the adoption of bitcoin, the price went up too high and was one of the invitations for a visa. Until finally in 2021, Visa announced this, as did PayPal before, and the price of bitcoin also soared.

that even from a simple point of view, we firmly believe massive adoption always makes bitcoin unmatched. we still remember at that time before Paypal announced the adoption of bitcoin, the price of bitcoin was doubted by the soaring DeFi coin. but quite a few months Bitcoin silenced and emphasized we will still be in the forefront.

[milewilda]

Then it would be better to use BUSD, there the commission is lower and the transaction speed is much higher. I don't understand why such large corporations look only towards Bitcoin and Ethereum.

Surely they would really go first on where the community been supporting the most which is Bitcoin and next with ETH on the altcoin side thats why these common recognitions can re ally be seen.
It doesnt matter on what they would use as long this do show up some adoption move then thats already considered as a good one.This would be an eye opener for other big companies
out there and i wont be surprised if there would be other news about payment integration with crypto. We are really heading there!

[TedMosby]

I still don't understand the mechanism of the transactions.
so they will take another fee besides the network fees?
with the current gas fees, is it still a better offer rather than their conventional service?
or these stablecoins will be an underlying of the digits shown on the app?

[paxmao]

It is quite peculiar. Visa is actually in an oligopoly along with mastercard and american express. I think that this signifies a concession towards cryptocurrencies but as a form of trial. Ethereum is, as today, expensive, inefficient and subpar to any established network. However, Visa´s management does understand what is to be disrupted and it speaks of their good sense that they take this stance.