Payments solution provider Visa has unveiled an experimental solution on the Ethereum blockchain that enables users to pay gas fees uing their Visa credit or debit cards.

The initiative aims to streamline the process of interacting with decentralized applications (dapps) built on the Ethereum blockchain. According to the company, the trial “helps set the stage for a more accessible and user-friendly approach to digital transactions.”

The successful test was conducted during an internal hackathon on the Ethereum Goerli testnet, a replica of the Ethereum mainnet’s functionality designed for testing purposes, and follows the publication of a deep dive report on self-custodial crypto wallets at the end of the last year, in which Visa researched the potential of auto-payments on the Ethereum network.

Traditionally, users need to acquire ETH from exchanges or on-ramp services and then transfer the coins to their wallets to cover fluctuating gas fees for transactions on the Ethereum mainnet or when transacting in stablecoins such as USDT

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Author: Andrew Asmakov

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