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Visa Pilots Stablecoin Transactions with Ethereum and Crypto.com

Last month, Visa used its network to receive settlement in stablecoins from Crypto.com for payments at merchants that Crypto.com cardholders made using stablecoins. Cryptocurrencies called stablecoins are backed by fiat currencies on a one-to-one basis. In this case, one U.S. digital currency (USDC) stablecoin equaled one U.S. dollar. Visa worked with digital asset custodian bank Anchorage to facilitate settlement over the Ethereum blockchain. Stablecoins can be tied to any fiat currency and do not present the potential volatility in value found in Bitcoin and other cryptocurrencies. Con...

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April 2021
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Canada Card Networks and Issuers

Canada’s Market Shares of Visa and Mastercard Outstandings 2020

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Credit Card Issuers in Canada – Ranked by Outstandings at Year-End 2020

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U.S. Consumer ACH Transactions–2020