💳 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.

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