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Almost certainly Visa would be acting as a (centralized) transaction aggregater that uses the settlement-layer pattern. There's no value for Visa to provide any
by tylersmith 6y ago
Almost certainly Visa would be acting as a (centralized) transaction aggregater that uses the settlement-layer pattern. There's no value for Visa to provide anywhere else really, other than to use their transaction network to transact the bitcoin asset.
- arduinomancer 6y agoWhat happens then if I pay in bitcoin and the price drops before Visa posts the aggregate transaction to the chain? Who takes the hit?
- tylersmith 6y agoThey would be totally decoupled, but essentially they'd take risk of the underlying prices changes. Same as now with the USD, it's just not as pronounced.