Safe’s Safenet wants to bring Visa-like payments network to crypto

Safenet aims to be a layer connecting existing blockchains and allow users to interact with any chain through a single account.

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Multisignature wallet and digital assets platform Safe is gearing up to launch a blockchain transaction processor network next year, allowing instant crosschain payments before funds leave a user’s account.

Safe co-founder Lukas Schor told Cointelegraph at Token2049 last month that its decentralized transaction processor network, Safenet — announced on Dec. 3 — took inspiration from VisaNet, the payment network powering Visa.

VisaNet offers worldwide payment processing, allowing instant transactions, with a payment guarantee for the merchant until the funds go through a series of checks and are sent days later.

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