Odaily Planet Daily News Cuy Sheffield, head of Visa blockchain, said in a blog post on Wednesday that despite all the flaws and problems, blockchain technology is similar to the early Internet and is developing from obscurity to ubiquity. According to Sheffield, blockchain technology — in terms of its efficiency, associated costs, and ease of use — is likely to mature within the next decade.
Additionally, he expects Visa’s payments network to involve not just “multiple currencies and bank settlement rails, but multiple blockchain networks, stablecoins and CBDC or tokenized deposits.” (Decrypt)