Another win for crypto-fans after Visa (V) announced it will embrace the digital currency USD Coin. The payments giant will allow the use of USD Coin to settle transactions on its network, a pilot program launched with platform Crypto.com.
Via this partnership, the step that converts digital money held in a Crypto.com Visa card into traditional money, when making transactions, will be skipped. FYI, fewer currency conversions mean fewer expenses!
PS, USD Coin (USDC) is a US dollar-backed stablecoin — designed to reduce the volatility that is typically associated with cryptocurrencies.