On May 17, account abstraction gained a lot of attention after VISA announced that it had deployed two Paymasters on the Ethereum Goerli testnet.

Since Vitalik's ERC-4337 proposal in 2021, there has been an ongoing technical discussion about account abstraction, mainly due to its potential to revolutionize the blockchain payment systems.

In this article, we'll take a look at account abstraction and the innovation it can bring to payment systems, focusing on the case of VISA.

Read the full research here: https://research.despread.io/account-abstraction