Visa introduces way to pay gas fees with your credit card | Headlines | News | CoinMarketCap
08/11/2023 15:50
Visa is taking significant strides toward simplifying blockchain transactions. In what could be a game-changer for users, the payment giant has been …
CryptoSlate11 minutes ago
Ethereum
Published on August 11, 2023 08:39 GMT+00:00edited on August 11, 2023 08:44 GMT+00:00
Visa is taking significant strides toward simplifying blockchain transactions. In what could be a game-changer for users, the payment giant has been working on an experimental solution that allows for the payment of on-chain gas fees with a Visa card.
Mustafa Bedawala, a product manager at VISA, shared the publication while detailing a perceived problem with crypto wallets; the constant need to manage ETH balances for gas fees.
The typical process of using Ethereum requires users to purchase ETH either on an exchange or via an on-ramp service, followed by transferring ETH to their wallets to ensure sufficient coverage for fluctuating gas fees. This constant shifting of gas prices often results in users either overpaying or falling short of their ETH supply, adding a layer of complexity …