Cryptocurrenies

💳 Visa has developed a protocol for the interaction of different CBDCs and Stablecoins

The payments giant has developed a concept called the Universal Payment Channel (UPC), which in the future could help exchange different CBDCs and Stablecoins built on different blockchains.

“Visa’s UPC is a conceptual protocol that will allow every user to make and receive payments regardless of currency, channel or other factors,” company officials said.

Visa also deployed its first-ever sample smart contract on the Ethereum Ropsten test network as part of its UPC concept development.

Joseph Andrew

I am an alumnus of the University of British Columbia who has spent more than eight years honing my writing and researching skills. Since 2013, I have been providing outstanding professional writing services for some financial newspapers. I am a thorough reader and researcher with a passion for creativity, and I love writing with accuracy and originality. I pay attention to every detail, and I believe in quality that brings the desired outcomes. My work is always original and adheres to scientific best practices without compromising on the quality and value to the reader.

Related Articles

Leave a Reply

Back to top button