Visa's "Solana Ambition": Global Consumer Payment Pilot Launched
Payment giant Visa today released a significant press release announcing the official expansion of its USDC settlement pilot project on the Solana chain from "inter-institutional settlement" to "consumer merchant payments."
Visa will collaborate with Worldpay and Nuvei to allow select contracted merchants to receive USDC payments directly through the Solana network, with a settlement time of less than 1 second.
Driven by this substantial positive news, Solana (SOL) price today ignored market fluctuations and briefly broke through $158, emerging from the previous "congestion gloom."
This news also boosted Pyth Network (PYTH) (as Visa's payment data oracle partner) by 12%.
