Visa tests solution to allow users to pay Ethereum gas fees with credit cards Ethereum ETH Ether
- Global payments provider Visa is looking to simplify the process of paying for transactions on the Ethereum network, revealing on Thursday their work on an experimental solution that enables payment of on-chain gas fees with a Visa card.
This led Visa to ask the question, “What if sending blockchain transactions using self-custodial wallets was as straightforward for the user as using your card to pay for a cup of coffee?” ERC-4337 is a standard that was introduced on the Ethereum network in March and enables the creation of smart accounts and ‘account abstraction,’ which allows cryptographic keys to be stored on standard smartphone security modules, effectively enabling them to become hardware wallets.
For testing purposes, the verifying paymaster was deployed on the Ethereum Goerli testnet, and Visa was able “to successfully send User Operations with off-chain gas fee payments.”
France Dernières Nouvelles, France Actualités
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