• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

Is Apple Building an AI Doctor? A New Study Says Maybe

July 12, 2025

Here’s What’s Coming to Apple Arcade in August

July 12, 2025

Beware of Hackers Posing as Apple Support

July 11, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»Visa explores auto payments for crypto wallets
Fintech

Visa explores auto payments for crypto wallets

December 21, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Visa explores auto payments for crypto wallets
Share
Facebook Twitter LinkedIn Pinterest Email

Researchers at Visa have been investigating the right way to allow automated recurring funds for self-custodial crypto wallets.

In a brand new technical paper, the researchers examine the right way to deliver the commonplace automated recurring fee choice to the world of crypto and blockchain.

This, the paper says, “is just not a trivial job on a blockchain like Ethereum”, including: “For self-custodial wallets the place the consumer has sole management over the pockets and personal keys, automated programmable funds that may pull funds robotically from a consumer’s account at recurring intervals requires engineering work.”

Visa’s reply is a great contract utility that enables a consumer to arrange a programmable fee instruction that may push funds robotically from one self-custodial pockets account to a different at recurring intervals, with out requiring the consumer’s lively participation every time.

It depends on an idea often known as “Account Abstraction” (AA) which makes consumer accounts on Ethereum operate extra like sensible contracts by permitting a consumer to have programmable options embedded into their wallets.

Within the paper, the Visa staff demonstrates a possible utility of AA: a brand new kind of account contract that may delegate the power to provoke a fee by a consumer account to a pre-approved autopayment sensible contract, mimicking the method you employ right this moment to arrange a recurring card fee.

The paper is the primary technical piece to return out a brand new initiative from the Visa Crypto staff because it bids to broaden its core competencies within the Web3 infrastructure layers and blockchain protocols which are driving crypto growth.

A staff of researchers and engineers throughout Visa is working to review the foundations of varied blockchains — together with the safety, scalability, interoperability and privateness of various protocols — and suggest doable use instances.

See also  Bank of England to announce crypto regulation

Catherine Gu, head, CBDC and Protocols, Visa, says: “To assist our purchasers and companions innovate, we have to immerse ourselves in applied sciences that may deliver actual worth to the funds ecosystem.”

Source link

Auto Crypto Explores payments Visa wallets
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

PayPal Contactless Payments Now Available to German iPhone Users, Thanks to New EU Rules

May 15, 2025

Google brings Gemini to Messages and adds AI text summaries for Android Auto

February 26, 2024

Apple Sending Out Bonus Payments in $95M AppleCare Replacement Device Settlement

January 17, 2024

Apple Is Sending Out $92 ‘Batterygate’ Payments to US iPhone Users

January 9, 2024
Add A Comment

Comments are closed.

Editors Picks

Elden Ring’s Ancestor Spirit bosses are much more complex and horrifying than we realised

September 6, 2022

Shark Tank’s Biggest Successes Include A Healthcare Unicorn, A Beloved Sock Brand And A Couple Beverages

January 21, 2023

This galaxy cluster is so massive it warps space-time

June 26, 2022

Google One VPN Now Available For iPhone And iPad Users

June 24, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Is Apple Building an AI Doctor? A New Study Says Maybe

Here’s What’s Coming to Apple Arcade in August

Beware of Hackers Posing as Apple Support

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.