2023-09-06
60% of Americans use Visa for their credit card payment. As of September 6,
2023 Visa values $499 billion.
How does
Visa works?
When a customer make a purchase
using Visa, it will process the transaction between the customer’s bank (issuer)
and send money to merchant’s bank (acquirer). Every $100 you a customer spend, Visa makes $0.25.
On September 5, 2023
Visa added a new pilot program to
transfer USDC to its acquirers Worldpay and Nuvei using the Solana blockchain.
Previously Visa
collaborated with crypto.com on a pilot test to transfer USDC on Ethereum
blockchain.
Visa is experimenting
with Solana blockchain because it wants to test stablecoin payment on high
performance blockchain. Solana has high speed transactions and cheap
transaction fees.
Solana
valuation
Ranking: 9th largest crypto by market cap.
Market
cap: $8.106 billion.
Fully
diluted market cap: $11.025 billion.
Total
value locked: $310 million.
