Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance
The payments giant envisions customers eventually being able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted.
The payments giant envisions customers eventually being able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted.
Michael Bellusci | 01.12.2022 | CoinDesk
Payments giant Visa has teamed up with Ethereum scaling firm ConsenSys to help central bank digital currency (CBDC) networks bridge the gap with traditional financial institutions.
Customers will eventually be able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted globally, Catherine Gu, Visa’s head of CBDC, said in a blog post Q&A with ConsenSys.
“If successful, CBDC could expand access to financial services and make government disbursements more efficient, targeted and secure – that’s an attractive proposition for policy makers,” Gu said.
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