Ethereum Gas Fees Made Easy: Visa Explores Credit Card Payments | Headlines | News | CoinMarketCap

08/11/2023 22:15
Ethereum Gas Fees Made Easy: Visa Explores Credit Card Payments | Headlines | News | CoinMarketCap

In a groundbreaking move, Visa has announced the successful testing of a mechanism that allows users to pay Ethereum’s on-chain gas fees directly …

In a groundbreaking move, Visa has announced the successful testing of a mechanism that allows users to pay Ethereum’s on-chain gas fees directly using fiat through credit or debit cards. This experiment, conducted on the Ethereum Goerli testnet, could potentially revolutionize the way users interact with the Ethereum blockchain, making it more accessible and user-friendly.

In a blog post, Visa’s technical team stated, “blockchain technology has gained significant adoption in recent years, and while it has the potential to shape the future of money movement, blockchain transactions bring a heightened level of complexity that isn’t seen in traditional payment methods.” They further elaborated on the challenges faced by users, especially when it comes to managing ETH balances to cover gas …

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