Visa will start settling transactions with USDC built on top of Ethereum. With Ethereum gas fees extremely high, why did Visa choose Ethereum instead of other blockchains such as Cardano, Algorand, and Stellar Lumens XLM? This video will explain the reason why Visa chose Ethereum and why gas fees were insignificant in making their decision.
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Intro – 0:00
How Does Settlement Work? – 1:00
Why Did Visa Select USDC? – 4:54
Why Didn’t Visa Choose Cardano, Algorand, Stellar XLM? – 5:30
Will Visa Migrate To A New Blockchain? – 9:30
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