Visa teams up with Bridge to integrate stablecoins into 150M-strong network
The post Visa teams up with Bridge to integrate stablecoins into 150M-strong network appeared on BitcoinEthereumNews.com. Visa and Bridge will launch stablecoin-linked cards across Latin America for everyday crypto payments Seamless integration aims to boost stablecoin adoption and financial inclusion globally In a significant move to advance crypto adoption in everyday finance, Visa has partnered with stablecoin infrastructure startup Bridge to roll out stablecoin-linked payment cards across several Latin American countries. This collaboration aims to bridge the gap between digital assets and traditional commerce by enabling users to make routine purchases with stablecoins at over 150 million Visa-accepting merchant locations worldwide. This, at a time when U.S. lawmakers appear all set to introduce regulatory clarity for stablecoins. Payment giant weighs in According to the company, “Cardholders will be able to make everyday purchases from a stablecoin balance at any merchant location that accepts Visa.” The payments giant added, “For example, when a customer in Colombia shops locally and uses their Bridge-enabled Visa card to pay a merchant, Bridge deducts the requisite funds from the customer’s stablecoin balance and converts the balance into fiat, enabling the merchant to get paid in their local currency like any other transaction. Customers can add these cards to supporting digital wallets and pay at the 150M+ merchant locations that accept Visa.” The Visa-Bridge collaboration is not only consumer-focused, but also designed with fintech developers in mind. It streamlines the process of integrating stablecoin payments into existing platforms. Through a single API provided by Bridge, developers can now enable stablecoin-linked Visa card functionality for users across multiple Latin American countries. While also offering a fast, scalable path to adoption. Visa’s vision for the future The initial roll-out will target Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, with plans to expand into Europe, Africa, and Asia too. Advocates see this as a leap towards broader financial inclusion, enabling crypto-backed transactions to feel as…
The post Visa teams up with Bridge to integrate stablecoins into 150M-strong network appeared on BitcoinEthereumNews.com.
Visa and Bridge will launch stablecoin-linked cards across Latin America for everyday crypto payments Seamless integration aims to boost stablecoin adoption and financial inclusion globally In a significant move to advance crypto adoption in everyday finance, Visa has partnered with stablecoin infrastructure startup Bridge to roll out stablecoin-linked payment cards across several Latin American countries. This collaboration aims to bridge the gap between digital assets and traditional commerce by enabling users to make routine purchases with stablecoins at over 150 million Visa-accepting merchant locations worldwide. This, at a time when U.S. lawmakers appear all set to introduce regulatory clarity for stablecoins. Payment giant weighs in According to the company, “Cardholders will be able to make everyday purchases from a stablecoin balance at any merchant location that accepts Visa.” The payments giant added, “For example, when a customer in Colombia shops locally and uses their Bridge-enabled Visa card to pay a merchant, Bridge deducts the requisite funds from the customer’s stablecoin balance and converts the balance into fiat, enabling the merchant to get paid in their local currency like any other transaction. Customers can add these cards to supporting digital wallets and pay at the 150M+ merchant locations that accept Visa.” The Visa-Bridge collaboration is not only consumer-focused, but also designed with fintech developers in mind. It streamlines the process of integrating stablecoin payments into existing platforms. Through a single API provided by Bridge, developers can now enable stablecoin-linked Visa card functionality for users across multiple Latin American countries. While also offering a fast, scalable path to adoption. Visa’s vision for the future The initial roll-out will target Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, with plans to expand into Europe, Africa, and Asia too. Advocates see this as a leap towards broader financial inclusion, enabling crypto-backed transactions to feel as…
What's Your Reaction?
