Visa taps BVNK to power stablecoin payouts on Visa Direct
PositiveCryptocurrency
- Visa has partnered with BVNK to facilitate stablecoin payouts through Visa Direct, enabling pre-funded cross-border transactions to digital wallets in select markets. This initiative marks a significant step in Visa's strategy to integrate stablecoins into its payment systems.
- This collaboration is expected to enhance Visa's capabilities in the rapidly evolving cryptocurrency landscape, allowing for more efficient and cost-effective cross-border payments, which could attract new users and partners to its platform.
- The move aligns with Visa's broader commitment to digital assets, as evidenced by its recent advisory group for banks and fintechs, and partnerships aimed at improving stablecoin settlements across various regions, reflecting a growing trend towards the adoption of digital currencies in mainstream finance.
— via World Pulse Now AI Editorial System