Global credit giant Visa is researching smart contracts and programmable payments. the firm wants to give Ethereum Holders set up automatic payments.
Visa has announced a proposal to enable Ethereum holders to set up programmable payments from their own custodial wallet. Other than this, Concept Will eliminate banks and centralized third parties from transactions.
Automatic payments made easy to set up on regular bank accounts. However, the bank eventually controls the system and the money is transferred. Visa is entering the realm of self-custodial crypto, and it is starting with the industry standard- Ethereum.
Despite the decline in the crypto market at large, the firm is keen to ultimately become the future of payments.