Global payment giant Visa announced that in addition to the Ethereum network, the Solana network will be used for stable cryptocurrency payments. Solana’s crypto asset Sol jumped on Tuesday following news of the Visa collaboration. Visa announced that it will launch the transfer of USDC stablecoin through the Solana network. Following the news, Solana’s crypto asset Sol jumped on Tuesday.
In a statement made by the payment giant on the subject, “This development can help increase the speed of international payments and provide a modern option for our customers to easily send and receive money.” statements were included.
The company also announced its collaboration with Worldpay and Nuvei within the scope of the pilot program. Solana is known as one of the few networks aiming to rival Ethereum. In terms of its speed and cost-effectiveness, Solana can be preferred among developers who prefer to develop applications over Ethereum. Solana’s token rose 4.34 percent following the news on Tuesday evening, testing above $20, according to sol Coin Metrics.
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