- Gas fees play a major role in every transfer of tokens through smart contracts.
- The proposed card-based gas fee payment is chosen as the user-friendly option.
Visa, an America-based multinational financial services corporation has brought an easier way of traditional payment services for the crypto industry. Post enabling auto payments for self-custodial wallets, Visa supports transactions towards blockchain gas fees.
In a blog post published on Thursday, Visa said that testing of a mechanism that would enable customers to pay the on-chain gas fees in fiat currency through card payments had been completed. Taking use of the paymaster innovation, the business said their solution has passed all necessary tests on the Ethereum Goerli Testnet.
Easier Transaction
In the complex process of crypto transactions, gas fees play a major role in every transfer of tokens through smart contracts. Upon the work on rethinking digital transactions made with account abstraction, the Visa card makes the transaction easier with Paymaster implementation.
Also, the team aims to reduce friction on the blockchain with the conjunction of incorporating the paymaster concept with Account Abstraction. In this way, the proposed card-based gas fee payment evolves as a user-friendly option for digital transactions.
The ERC-4337 core team implementation has stayed active on GitHub under GPL 3.0 license. Utilizing its own CyberSource, the developer team is supported by the needed SDKs and APIs. Though failing with the discrepancies, the proposed solution brings decentralized applications (dApps) for gas fee acceptance using Visa card payments.
Related Crypto News:
