Visa Eyes Mass Adoption of Crypto by Testing On-Chain Gas Fee Payment Through Fiat

Especially gas fees, the cost of sending and receiving ether (ETH), the native cryptocurrency of the Ethereum blockchain, and the process of managing the user’s ETH balance to cover these additional costs is “burdensome,” Visa said in the blog post. Eliminating this complexity could make blockchain-based transactions more accessible and user-friendly, the blog added.

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• Source: https://www.coindesk.com/business/2023/08/11/visa-eyes-mass-adoption-of-crypto-by-testing-method-of-paying-on-chain-gas-fees-through-fiat/?utm_medium=referral&utm_source=rss&utm_campaign=headlines