Solana Partners with Visa to Enhance Network Reliability and Enable Instant Payments

Discover how Solana's strategic partnership with Visa is set to enhance network reliability, enable instant payments, and revolutionize the digital payments industry. Learn more in this exclusive interview with Austin Federa, Head of Strategy for the Solana Foundation.

Posted 8 months ago in Blockchain

A person making a payment with a smartphone using Solana's platform.

Solana, a leading blockchain platform, has taken significant steps to enhance network reliability and improve transaction efficiency. Through recent upgrades like Quick and local fee markets, Solana has strengthened its infrastructure, making it more secure and scalable.

In a groundbreaking move, Solana has also formed a strategic partnership with Visa, a global leader in digital payments. This partnership allows transactions on Solana's network to be settled in USDC, a stablecoin pegged to the US dollar. By leveraging Solana's high-speed and low-cost transaction capabilities, merchants can now receive instant payments and potentially reduce credit card processing fees.

Stacy Elliott, a renowned blockchain expert, recently conducted an exclusive interview with Austin Federa, the Head of Strategy for the Solana Foundation, at the prestigious Messari Mainnet 2023 event. During the interview, Federa shed light on the significance of the Solana-Visa partnership and its potential to revolutionize the digital payments industry.

Last updated 9/26/2023, 7:38:49 AM


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