CoinTelegraph
Visa Head of Digital Currencies Nischint Sanghavi says waiting until Monday for a payment could become obsolete. “Nobody's gonna be talking about weekend settlements or weekend payments,” he said at LONGITUDE.
Why it matters
The comment points to a shift in expectations: payments that can settle around the clock would make weekends less of a break in the movement of money. Visa's digital currencies work sits at the intersection of payments and newer settlement technology, though Sanghavi's statement does not specify a launch, timeline or implementation.
Market impact
For payment providers and businesses, continuous settlement could reduce reliance on weekday processing windows. The statement signals an industry direction, but does not establish that weekend payments have already become obsolete.
Frequently asked questions
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What did Visa's Nischint Sanghavi say about weekend payments?
He said people may eventually stop talking about weekend settlements or weekend payments, suggesting that waiting until Monday could become obsolete.
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Where did Sanghavi make the comment?
Sanghavi made the comment at LONGITUDE.
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Does the statement announce a Visa product launch?
No. The comment signals a possible direction for payments but does not specify a product launch or implementation.
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How could continuous settlement affect payment expectations?
Payments settling around the clock could reduce reliance on weekday processing windows and change expectations for consumers and businesses.
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Did Sanghavi provide a timeline for weekend payments?
No timeline was provided in the statement.
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