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Visa participates in blockchain governance for the first time and joins the Canton network as a super validator.
Techub News reports that the global payments giant Visa has joined the Canton network and become a super validator, marking the company’s first participation in blockchain governance proposals. Visa’s application was approved on March 23, granting it the highest super validator weight of 10. Visa stated it will “collaborate with institutions to bring Canton into production” to supplement existing payment, settlement, and fund management strategies, and to leverage Canton’s payment layer to expand its stablecoin business. Canton is a privacy-focused, permissionless Layer 1 blockchain supported by institutional investors such as BNP Paribas, Citadel Securities, Custodian Trust & Settlement, Goldman Sachs, as well as crypto companies like Circle and Paxos. The network currently has 849 validators, including 42 super validators, among them DTCC, Nasdaq, Broadridge, Tradeweb, Chainlink, and YZi Labs. Visa said it will continue to maintain a “neutral stance” in public blockchains.