According to payments behemoth Visa, cryptocurrency users have the option of automatic bill payments like settling their phone and utility bills using their self-custodial crypto wallets. Visa to Enable Automatic Bill Payments A proposal was put up by Visa’s thought leadership team on cryptocurrencies in a blog post published on December 20. It would enable providers to automatically draw money from customers’ Ethereum-powered cryptocurrency wallets without having the user to personally approve each transaction. In the traditional banking industry, automatic bill payments for recurrent bills are typical. Users can authorize specific service providers to withdraw money from their preferred bank The post Visa Intends to Enable Automatic Bill Payments from Crypto Wallet appeared first on Cryptoknowmics-Crypto News and Media Platform .
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