A global payments giant, Visa is looking forward to building a “muscle memory” around settlements. Intending to increase the ease of conversion between digital tokenized Dollars and traditional US Dollars, Visa is currently investing in a global settlement with crypto tokens and fiat currencies.

At StarkWare Sessions 2023, Visa announced that they are testing how to accept large-value settlements on the Ethereum blockchain. This statement can act as a bullish catalyst for the second-largest cryptocurrency in the market.

Cuy Sheffield, VP, and Crypto Head at Visa said, “We’ve been testing how to actually accept settlement payments from issuers in USDC starting on Ethereum and paying out in USDC. So, these are large value settlement payments.” He further added, “The same way that we can convert between dollars in euros on a cross-border transaction, we should be able to convert between digital tokenized dollars and traditional dollars.”