Self-custodial crypto wallets may one day be used to auto-pay recurring bills, such as a Netflix subscription or your water bills, according to the brains at Visa's crypto department.
Crypto-users may one day be able to automatically pay their electricity and telephone bills through their self-custodial crypto wallets, according to payments giant Visa.a solution that would allow providers to automaticall “pull” funds from users’ Ethereum-powered crypto wallets, without requiring the user to manually sign off on every transaction.
Such a mechanism isn’t possible for owners of self-custodial wallets, said Visa, noting that automated programmable payments that pull payments from a user's account at recurring intervals"requires engineering work."
France Dernières Nouvelles, France Actualités
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