USD Coin and Visa cards: launch in 2021
The partnership seems to foresee that some of the companies engaged in the issuance of cards begin to support the exchange of USDC, thus allowing the execution of transactions. Although there are currently no official announcements or roadmaps written in black and white to report, a spokesperson for Circle has confirmed the indiscretion by pointing to an unspecified period of 2021 for the launch. The post shared on Twitter by Cuy Sheffield, Head of Crypto of the Visa group goes in the same direction.We've been closely following the growth of stablecoins for the past two years and I'm super excited for Visa to partner with @circlepay to help them connect USDC to our global network. https://t.co/pZ0iLanRjD
- Cuy Sheffield (@cuysheffield) December 2, 2020
USD Coin is a stablecoin (ERC-20 token) or a virtual currency whose value is pegged to that of the US dollar. It is therefore not subject to variations and maneuvers of mere speculation as it happens for example with BTC or ETH.
Yet another sign of how the world of traditional finance, if it can still be defined as such, is looking with increasing interest at the innovations and technologies of the FinTech universe and in particular that linked to cryptocurrencies. A trend that in the last period has led the virtual currency par excellence, Bitcoin, to reach its all-time high, also thanks to the support guaranteed by a reality like PayPal, adopted globally by over 360 million users.
Source: Forbes