Visa Takes a Step into the Crypto World

Visa, the big name in payments, is making a move into the crypto space. They're letting US banks use a type of digital money called USDC to settle transactions. This USDC is built on something called the Solana blockchain. Two banks, Cross River Bank and Lead Bank, are already on board to try out this new service. But why is Visa doing this? Well, the rules around crypto have become a bit more relaxed. This is partly because of changes made under the second Trump administration. Visa is also teaming up with Circle, the company behind USDC. They're working together on a project called Arc blockchain. Once that's up and running, Visa plans to support it too.Now, what does this mean for regular people? It's a bit early to say. But it's clear that big companies like Visa are starting to take crypto more seriously. They're seeing it as a real part of the financial world, not just something on the side. But there are still questions. How safe is it to use crypto for big transactions? And what about the rules? The crypto world is still figuring that out. So, while Visa's move is interesting, it's also a bit of a wait-and-see game.