CEO of Visa, Charlie Scharf, gave an interview where he commented on bitcoin and the future plans of Visa relating to the digital currency.
Visa has announced the launch of a prefund pilot for the use of stablecoin for cross-border payments.
Fold Holdings announced its Bitcoin Rewards Credit Card launch on September 23, partnering with Stripe and Visa to offer up to 3.5% bitcoin back on purchases. Despite the innovative product launch, company shares declined over 14% amid broader crypto market weakness.
Despite the growing popularity of stablecoins, VISA and Mastercard downplayed any competitive risk during recent earnings calls.
Payment giants are rushing to adopt crypto strategies, with X likely offering crypto payouts by year’s end, says Fireblocks’ Ran Goldi.
Stablecoins’ supply saw explosive growth, rising by over 59% throughout the year and peaking at $200 billion in September.
X CEO Linda Yaccarino announces a groundbreaking partnership with Visa for X Money, enabling real-time fund transfers and debit card connectivity as the platform expands into financial services.
Trump’s post fueled FAFO Barron token’s rise and collapse, while scams on Solana’s Pump.fun platform raise investor concerns.
By enabling real-time deposits, Visa and Coinbase are creating more practical, everyday uses for crypto, supporting faster transactions in an industry that’s known for rapid change.
Avalanche price has dropped despite the announcement of a new payments card for users
The Sygnum Bank report states how payment processing giants like Visa have been integrating Solana for USD Coin (USDC) settlement citing its “low costs” and “high throughput”.
With its stablecoin initiative, BBVA aims to extend its services to underbanked populations, using digital currency as a tool for greater financial access and inclusion.
Visa has expanded its crypto footprint by partnering with Singapore’s dtcpay, integrating their digital payment solutions into Visa’s global payment network.
A major push for Bitcoin in TradFi came from the approval of spot Bitcoin ETFs by the US SEC in January.
The spike in the volume can be partly attributed to the increase in demand for stablecoin in a period when the crypto market is experiencing a downturn.
The Ramp Network provision eliminates the challenge of excessive exchange fees that is usually imposed by banks.