Visa has announced a Layer 2 project for cryptocurrency that aims to be a universal exchange hub for stablecoins and central bank digital currencies (CBDC).

The idea is to create a digital currency equivalent of the existing international payment experience—one that lets you pay for something in another country with a debit or credit card that draws funds from an account in your home country.

Also: “Visa, for instance, says the proposed base layer for its universal payments channel is Ethereum.”

Check It Out: Visa Announces Layer 2 Blockchain for Stablecoins and CBDCs

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