Visa doubles down on stablecoins in Europe, Middle East, Africa with new partnership
PositiveCryptocurrency
- Visa has announced a partnership with crypto infrastructure company Aquanow to enhance stablecoin settlement across the CEMEA region, aiming to reduce cross-border transaction costs and friction. This move reflects Visa's commitment to integrating digital currencies into its operations.
- The partnership is significant for Visa as it positions the company at the forefront of the stablecoin market, compelling other financial institutions to adapt their strategies in response to the growing importance of digital currencies in global finance.
- This development highlights a broader trend in the financial sector, where stablecoins are increasingly recognized as vital tools for facilitating transactions, prompting major players like BitPay to acknowledge the necessity of adapting to this evolving landscape.
— via World Pulse Now AI Editorial System
