Visa tests ERC-20 payments using ERC-4337 account abstractions

Visa tests ERC-20 payments using ERC-4337 account abstractions.

There are the two types of accounts that currently exist on Ethereum: Externally Owned Accounts (EOAs) and Contract Accounts (CAs).

EOAs, which are controlled by private keys, allow users to send transactions.

However, they lack the programmability of a smart contract. In contrast, CAs possess executable code but are unable to initiate transactions independently. Transactions must always come from a user’s account and contain the user’s signature, whether it’s a simple token transfer or a complex operation executed through many smart contracts.

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