Visa Trials Ethereum Paymaster: Off-Chain Card Payments for Gas Fees

Payments giant #Visa is experimenting with a groundbreaking solution, using Ethereum's ERC-4337 standard and a "Paymaster" smart contract, to enable users to pay on-chain gas fees with their Visa cards. Traditional #Ethereum  transactions often require users to hold ETH for gas fees, leading to complexities. Visa's approach involves off-chain gas fee settlement, with a user-triggered transaction sent to the Paymaster for gas computation and Visa payment through Cybersource. Successful trials on the Ethereum Goerli testnet have shown promise. This innovation not only streamlines user experiences but also offers broader potential for merchants and decentralized apps to enhance interactions.