Visa (V.US), a global payments technology company, is expanding its horizons by stepping into the blockchain space with Solana. The partnership aims to modernize cross-border money movement and has already seen the successful transfer of millions of USDC, a stablecoin pegged to the U.S. dollar, between its partners over both the Solana and Ethereum networks. This marks a significant move for Visa, as it plans to leverage high-performance blockchains like Solana to facilitate quick and cost-efficient payment settlements. Solana's cryptocurrency gained over 1.6%, even as the broader cryptocurrency market showed signs of decline.
The collaboration with Solana follows Visa's earlier work with Crypto.com and represents the next step in Visa's commitment to integrating digital currencies into its treasury and settlement systems. Through this strategic partnership, Visa aims to improve the speed of cross-border settlements for its merchant acquirers Worldpay and Nuvei, both of whom serve a wide array of sectors, including the burgeoning blockchain and crypto economies. Visa's involvement with Solana indicates the growing importance of blockchain networks in transforming the payments landscape, offering a more modern, rapid, and versatile option for the movement of money across borders.
Source: xStation 5
Daily Summary: US2000 leads on Wall Street📈Crypto and metals up, US dollar down
Bitcoin surges 2% approaching ATH levels 📈
Daily summary: Indices flat as shutdown persists, dollar rebounds, Bitcoin around 120K (02.10.2025)
Bitcoin gains 1.25% and breaks above $120,000 🚀
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.