Visa is working on a protocol that can send digital currencies across different blockchains

Payments giant Visa says it is developing a protocol that would allow digital currencies to be sent across multiple blockchains.

Visa describes the UPC as a hub that connects multiple blockchain networks and allows for the secure transfer of digital currencies.

Think of it as a ‘universal adapter’ between blockchains, allowing central banks, businesses and consumers to seamlessly exchange value, regardless of the form of currency. We believe that for a CBDC (Central Bank Digital Currency) to be successful, two essential elements must exist: a good consumer experience and broad merchant acceptance. This means that regardless of the currency,