Visa announced a significant expansion of its digital asset strategy, launching stablecoin payouts through partner BVNK to enhance its Visa Direct platform. This integration allows companies to fund Visa Direct using stablecoins and send instant, tokenized payouts directly to digital wallets.
- The move is designed to reduce friction in cross-border payments.
- It provides real-time settlement capabilities, available even on weekends and holidays.
- The strategy lessens reliance on traditional correspondent banking networks by leveraging infrastructure Visa previously invested in.