USDC Payouts For Freelancers: Visa Crypto Payout Pilot Expands Globally

Visa has released a new pilot project that offers USDC payments for freelancers and artists, which is along with a new era in worldwide payment flows. The project takes advantage of Visa Direct and thus is able to facilitate quick and safe transfers of stablecoin, providing freelancers with the opportunity of instant settlement as their new option. The test reflects Visa’s increasing dedication to the blockchain foundation and the movement of money without borders.The crypto payout pilot of Visa allows companies to make payments backed by fiat that will reach the recipient’s digital wallet as USDC.The whole process gives an almost instantaneous transfer speed and offers improved transparency through the settlement on the blockchain. A public ledger keeps a record of the transactions, which not only facilitates auditing but also enhances compliance.This system is very suitable for the global freelance workforce that requires uninterrupted and trustworthy payment access. The test run depicts how the old financial networks could incorporate the new stablecoin systems and, in turn, support the growing digital labour markets.Creatives and freelancers are usually the ones who experience delays and pay high costs getting cross-border payments. The majority used to depend on international bank transfers that take many days up to a week, and incur costly intermediary charges.Creatives and freelancers are usually the ones who experience delays and pay high costs getting cross-border payments. The majority used to depend on international bank transfers that take many days up to a week, and incur costly intermediary charges.USDC gives an asset that is both stable and dollar-backed, which is predictable and allows easy conversion to local currencies. Therefore, USDC is a potential option for artists who rely on timely payments because it is a powerful one.

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