TLDR Crypto · INNOVATION & LAUNCHES

PAYING GAS FEES WITH VISA CARD

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Summary from the TLDR Crypto newsletter

Visa released a paper outlining a solution that will allow users to pay on-chain gas fees with their Visa cards rather than using native tokens. The experimental solution, which utilizes paymasters and leverages account abstraction, aims to create an alternate and smoother onboarding experience for users when they don’t have native tokens available for gas - usually a requirement to initiate a transaction. It has been successfully tested on Ethereum's Goerli testnet, providing an initial proof-of-concept.