Visa introduced the Visa Tokenized Asset Platform, or VTAP, a new product designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks. The VTAP solution is available on the Visa Developer Platform for participating financial institution partners, to create and experiment with their own fiat-backed tokens in a VTAP sandbox. Now, Visa is applying its expertise in new technologies, such as smart contracts, to enable banks to issue and transfer fiat-backed tokens over blockchain networks.
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