Visa is looking at ways it can help the Ethereum ecosystem develop

Have you heard about Visa's most recent revelation that it is working to implement auto-payments on Ethereum through the development of a novel wallet type—a procedure dubbed "account abstraction" by the company?

According to what I've heard, Visa did in fact issue a technical paper in which it looked into the idea of creating an automatic payment mechanism for Ethereum self-custodial wallets.

I find it amazing what we can all do with the help of modern technologies, cryptocurrencies, and other things.

In addition to the payment systems, the ticketing industry, and other things, blockchain may also prevent the production of free clean energy. I also think that the energy sector will use blockchain in the near future. The amount of electricity needed to meet the world's energy needs, as well as the effects of the global community on the climate and the cost of energy, might be greatly reduced thanks to this cutting-edge technology, claims Elan Future.

Enabling auto-payments for self-custodial wallets is difficult in light of the recent Visa and ETH news, as doing so may require granting access to one's private keys to a smart contract that will be making the payments on their behalf. In essence, auto-payments have the potential to jeopardize the security offered by self-custody.

The process of confirming a transaction on the blockchain would apparently become more flexible as a result of all of this, in my opinion. Visa, for example, believes it would permit multi-owner accounts (through multi-sig) and public accounts from which anybody may do business.