Visa is developing an interoperability concept for CBDC payments
Oct 7, 2021
US based financial service cooperation Visa is growing its crypto framework with a new stablecoin interoperability centered layer-2 solutions that would permit Central Bank Digital Currencies (CBDCs) and private stablecoins to be traded between various blockchain.
The new platform would be known as the “universal payments channel” (UPC). It has established a concept that displays how different CBDCs can be interoperable with each other to make payments. It indicates how Visa can benefit from exchanging several CBDCs built on different blockchains in the future.