{"id":22866,"date":"2023-08-12T01:46:00","date_gmt":"2023-08-12T01:46:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/paying-ethereum-gas-fees-made-easier-with-visa-credit-cards\/"},"modified":"2023-08-12T01:46:00","modified_gmt":"2023-08-12T01:46:00","slug":"paying-ethereum-gas-fees-made-easier-with-visa-credit-cards","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/paying-ethereum-gas-fees-made-easier-with-visa-credit-cards\/","title":{"rendered":"Paying Ethereum Gas Fees Made Easier with Visa Credit Cards"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Transaction fees on the Ethereum blockchain can be daunting for many, a viewpoint shared by credit-card giant Visa. Announcing its latest innovation in a recent blog post, Visa shared the completion of trials for a novel approach, letting users settle Ethereum\u2019s \u201cgas fees\u201d using traditional currency via their credit cards.<\/p>\n<p>In recent times, blockchain technology has garnered substantial traction, with many seeing its potential to revolutionize financial transactions. However, Visa acknowledges that on-chain operations are often intricate for the everyday user. With every Ethereum transaction, users incur a gas fee, even when simply sending or receiving ether (<a href=\"https:\/\/igaming.org\/cryptocurrencies\/ethereum-alternative-coin\/\">ETH<\/a>), Ethereum\u2019s inherent cryptocurrency. Keeping sufficient ETH to offset these charges is a challenge, Visa noted. \u201cWhen comparing the complex nature of blockchain transactions with the simplicity of fiat-based payment transactions supported by the Visa network, it becomes evident that improvement is needed,\u201d the company stated.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<p> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Visa\u2019s proposed solution integrates Ethereum\u2019s ERC-4337 standard, which facilitates smart contracts on the blockchain to function as wallets using \u201caccount abstraction.\u201d It also incorporates a paymaster contract, which can defray gas fees for users. Consequently, individuals could directly pay gas fees via their Visa cards. This initiative underwent rigorous testing on the Ethereum Goerli \u201ctestnet\u201d, an experimental platform for Ethereum.<\/p>\n<p>Additionally, Visa highlighted that merchants or decentralized apps might adopt their paymaster mechanism or utilize a pre-existing wallet to simplify transactions. These providers may even present card-based gas fee payment as one of several options.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/visa-to-trial-credit-card-payments-for-ethereum-transaction-fees\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Transaction fees on the Ethereum blockchain can be daunting for many, a viewpoint shared by credit-card giant Visa. Announcing its latest innovation in a recent blog post, Visa shared the completion of trials for a novel approach, letting users settle Ethereum\u2019s \u201cgas fees\u201d using traditional currency [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22866"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22866"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22867"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}