TechFlow reported that Cuy Sheffield, head of blockchain at Visa, said in a blog post on Wednesday that despite its flaws and issues, blockchain technology is evolving from obscurity to ubiquity—much like the early internet. Sheffield believes blockchain technology, in terms of efficiency, associated costs, and usability, could mature over the next decade.
He also expects Visa's payment network will encompass not only "multiple currencies and bank settlement rails" but also multiple blockchain networks, stablecoins, and CBDCs or tokenized deposits.
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