Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

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The post Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa appeared first on CoinGeek.

With the former, Visa designed a purchase process that leveraged smart contracts to enable real-time funds settlement.

In its trial, Visa focused on two use cases—purchase of high-value property and acquirer-to-merchant card settlement.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaChinaFranceHong KongOmanRomaniaThailandUnited Arab Emirates

Topics: Tokenization E-HKD Business VISA Central Bank Digital Currency HSBC Smart contracts Hang Seng Bank Hong Kong Monetary Authority

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 09:00:08 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21682922

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