The customer pays with a Visa card, while the bank uses the stablecoin to settle with the payment network
Unconfirmed information: this report has not yet been verified by independent sources.
crypto.news reports on a Visa card payment in which the bank settles with the network in USDC, while the merchant receives dollars.
According to the publication, Visa's U.S. rollout moved a financial institution's payment to Solana. USDC is used between the bank and the payment network, while the customer pays by card.
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