Visa will create a blockchain to convert digital assets

The channel has implemented the concept of a “Universal Payment Channel” that will connect multiple blockchain networks and deployed a sample of it in the form of a smart contract in the Ethereum Ropsten test network.

Visa Payment System is working on a blockchain network that will allow the conversion of digital assets, tokens, stablecoins and national digital currencies (CBDC). This is a text from site CryptoDeFix. The payment system has already created the "Universal Payment Channel" concept and deployed it as a smart contract.

Visa called the UPC concept a universal adapter, which will connect different blockchains for interaction, ensuring fast and secure data transfer between platforms. This will allow users and companies to exchange digital assets securely.