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Visa launches a new product to issue tokens on Ethereum
The post Visa launches a new product to issue tokens on Ethereum appeared on BitcoinEthereumNews.com. Visa, one of the main global giants in the digital payments sector, has announced the development of an innovative product designed to help banks issue tokens guaranteed by fiat currency on the Ethereum network. This step represents a strategic move for Visa, which aims to integrate more deeply with the blockchain ecosystem. One of the first financial institutions to test this new platform will be BBVA, one of the main Spanish banks, which plans to launch a live pilot project by 2025. The tokens guaranteed by Fiat and Visa’s choice with Ethereum The tokens guaranteed by fiat, commonly known as stablecoin, are cryptocurrencies tied to a traditional currency, such as the US dollar, the euro, or any other legal currency. The main characteristic of these tokens is their value stability, which makes them less volatile compared to cryptocurrencies like Bitcoin or Ethereum. This stability makes them particularly suitable for transactions and daily payments, especially in a blockchain context, where volatility often represents an obstacle. The new product from Visa will allow banks to issue their own fiat-backed tokens on the Ethereum network, one of the most widely used and secure blockchains in the world. This system will allow financial institutions to create digital versions of their traditional currencies, offering greater efficiency in transactions and facilitating interoperability between traditional currencies and criptovalute. Ethereum is one of the most established and secure blockchains, famous for its ability to handle smart contracts. This makes it an ideal platform for the issuance and management of fiat-backed tokens. Visa has chosen Ethereum for its extensive ecosystem and robust technical infrastructure, which offers banks and financial institutions a secure and flexible platform for the issuance and management of stablecoin. Furthermore, Ethereum supports a series of standards for tokens, such as ERC-20, which is widely used to…
The post Visa launches a new product to issue tokens on Ethereum appeared on BitcoinEthereumNews.com.
Visa, one of the main global giants in the digital payments sector, has announced the development of an innovative product designed to help banks issue tokens guaranteed by fiat currency on the Ethereum network. This step represents a strategic move for Visa, which aims to integrate more deeply with the blockchain ecosystem. One of the first financial institutions to test this new platform will be BBVA, one of the main Spanish banks, which plans to launch a live pilot project by 2025. The tokens guaranteed by Fiat and Visa’s choice with Ethereum The tokens guaranteed by fiat, commonly known as stablecoin, are cryptocurrencies tied to a traditional currency, such as the US dollar, the euro, or any other legal currency. The main characteristic of these tokens is their value stability, which makes them less volatile compared to cryptocurrencies like Bitcoin or Ethereum. This stability makes them particularly suitable for transactions and daily payments, especially in a blockchain context, where volatility often represents an obstacle. The new product from Visa will allow banks to issue their own fiat-backed tokens on the Ethereum network, one of the most widely used and secure blockchains in the world. This system will allow financial institutions to create digital versions of their traditional currencies, offering greater efficiency in transactions and facilitating interoperability between traditional currencies and criptovalute. Ethereum is one of the most established and secure blockchains, famous for its ability to handle smart contracts. This makes it an ideal platform for the issuance and management of fiat-backed tokens. Visa has chosen Ethereum for its extensive ecosystem and robust technical infrastructure, which offers banks and financial institutions a secure and flexible platform for the issuance and management of stablecoin. Furthermore, Ethereum supports a series of standards for tokens, such as ERC-20, which is widely used to…
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