The Visa team has deployed the Paymaster experimental contract on the Goerli testnet

2023-05-18 17:30:30

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ChainCatcher news, payment giant Visa recently stated that to better understand the Ethereum account abstraction proposal ERC-4337, the Visa team has deployed two sets of experimental Visa Paymaster contracts on the Ethereum Goerli testnet to demonstrate how to redesign gas fees on the blockchain to enhance user convenience. One contract is used to explore whether users can pay transaction fees using alternative tokens, such as USD stablecoins, or even fiat digital currencies; the other supports fully sponsoring transaction fees for whitelisted users.

Previous report, on April 25, Visa's cryptocurrency head Cuy Sheffield announced on Twitter that Visa is developing new cryptocurrency-related projects, with upcoming crypto products aimed at driving mainstream adoption of public blockchain networks and stablecoin payments. (Source link)

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