Visa to Help Banks Test Tokenized Assets and Smart Contracts
In what is a key part of the payment service juggernauts’ crypto venture, Visa is set to help banks test tokenized assets and smart contracts. Indeed, the firm has created a brand new platform in order to help the development and testing of fiat-backed tokens.
The new tokenized asset sandbox has already been used by Spain’s Banco Bilbao Vizcaya Artentaria. Moreover, Visa notes that its assistance should help continue to evolve how global banks interact in an evolving financial world. It is just one of the many ways that the payment firm has continued to embrace the digital asset sector.