My biggest issue is that I don't think it will be worth it. With the high gas fees, I don't think it will be profitable on Visa's end or for the customer. Imagine someone using their card to buy $5 worth of stuff but end up paying more than that in fees. Even the fees that you get from normal credit cards are no where as high.
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Yeah, I don't get it either. Must be something I'm missing here, otherwise it doesn't make much sense.
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Maybe VISA hasn't done their research on the cost of ETH transactions?
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They will not do this small transactions, they will move USDC on Ethereum in large quantities, so the fees become irrelevant.
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It would make sense that they wouldn't be doing each transaction to be individually verified. It seems a little complicated to figure it out since I don't like ETH or down too much research. I guess I'll just wait to see the reviews on well this services goes before making assumptions.
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