Visa wants to help you pay with central bank digital currency

Quick Take

  • Visa recently became the first major payments network to use a stablecoin to settle a transaction.
  • Now it has its sights set on facilitating central bank digital currency payments.
  • The Block sat down with Cuy Sheffield, Visa’s head of crypto, to discuss the firm’s vision for CBDCs.
Visa is working on a stablecoin settlement system. Cuy Sheffield, the firm's head of crypto, explains how it is preparing for CBDCs, too.

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Oct 15, 2021, 2:54AM UTC