Visa and ConsenSys launch plan to bridge CBDCs and traditional payments

Payments giant and fintech firm to develop “on-ramp” to link up existing and new systems


Visa is partnering with fintech firm ConsenSys to develop an “on-ramp” for central bank digital currencies (CBDCs).

The platform is designed to serve as a bridge between existing payment infrastructures such as Visa’s card system and assets that run on distributed ledger technology.

Banks and payment processors will be able to “plug into the module and integrate their existing infrastructure and be enabled to do things like issue CBDC-linked payment cards or wallet credentials for consumers to

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