Visa now settles payments in USDC stablecoin on Ethereum blockchain (theblockcrypto.com) 22 points by gge 5y ago ↗ HN
[–] jl2718 5y ago ↗ Great idea. Only $30 processing fee. [–] jtsiskin 5y ago ↗ The settlement will be batched daily, possibly longer. Any crypto processing fees will be massively dwarfed by the interchange fee, so much so as to not even be worth thinking about. [–] jl2718 5y ago ↗ I think the article is saying that Crypto.com now pays their interchange bill with USDC. Nothing about the actual card payments. [–] gge 5y ago ↗ Settlement != payment
[–] jtsiskin 5y ago ↗ The settlement will be batched daily, possibly longer. Any crypto processing fees will be massively dwarfed by the interchange fee, so much so as to not even be worth thinking about. [–] jl2718 5y ago ↗ I think the article is saying that Crypto.com now pays their interchange bill with USDC. Nothing about the actual card payments.
[–] jl2718 5y ago ↗ I think the article is saying that Crypto.com now pays their interchange bill with USDC. Nothing about the actual card payments.
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