Visa joins Mastercard on cryptocurrency bandwagon

The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly to the US dollar.

Visa will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.

The company said it had launched the pilot programme with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year.