Visa’s crypto strategy targets stablecoin settlements By Cointelegraph

Payment company Visa (NYSE:) is seeking to build a “muscle memory” to settlements, aiming to allow customers to convert digital assets to fiat currencies on its platform, according to the company’s head of crypto division Cuy Sheffield at the StarkWare Sessions 2023.

“We’ve been testing how to actually accept settlement payments from issuers in USDC starting on and paying out in USDC (USDC) on Ethereum. So, these are large value settlement payments.”, noted Sheffield in a fireside chat at the event. Cointelegraph’s team is on the ground in Tel-Aviv covering the two-day Ethereum community conference.