{"id":179976,"date":"2023-08-11T17:39:51","date_gmt":"2023-08-11T17:39:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=179976"},"modified":"2023-08-11T17:39:51","modified_gmt":"2023-08-11T17:39:51","slug":"visa-proposes-card-payments-for-blockchain-gas-fees","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/blockchain\/visa-proposes-card-payments-for-blockchain-gas-fees\/","title":{"rendered":"Visa Proposes Card Payments for Blockchain Gas Fees"},"content":{"rendered":"
Financial giant Visa has proposed a method that allows users to pay blockchain gas fees using their Visa cards.<\/p>\n
Blockchain transactions, especially on platforms like Ethereum, require users to pay gas fees. These fees are essentially the cost of processing a transaction on the blockchain. Traditionally, these fees are paid using the native cryptocurrency of the platform, such as Ether for Ethereum. However, Visa\u2019s new approach aims to simplify this process for users who might not have ready access to these cryptocurrencies or prefer to use their credit cards.<\/p>\n
According to Visa\u2019s recent thought leadership paper, here is how this would work:<\/p>\n
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Featured Image Credit:\u00a0Photo \/ illustration\u00a0by\u00a0AgelessFinance\u00a0via\u00a0Pixabay<\/em><\/p>\n