Visa Expands Stablecoin Settlement Capabilities To Merchant Acquirers
Portfolio Pulse from Happy Mohamed
Visa (NYSE:V) is expanding its stablecoin settlement capabilities to the Solana blockchain and is working with merchant acquirers Worldpay and Nuvei. The company has already moved millions of USDC between its partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments. This move is expected to improve the speed of cross-border settlement and provide a modern option for clients to send or receive funds. Visa's work with Worldpay and Nuvei represents a significant stride in embracing the innovative potential of digital currencies.
September 05, 2023 | 12:07 pm
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Visa's expansion of its stablecoin settlement capabilities to the Solana blockchain and partnerships with Worldpay and Nuvei could potentially enhance its cross-border money movement services. This could attract more clients and increase transaction volumes, potentially boosting Visa's revenues.
Visa's expansion into stablecoin settlements and partnerships with Worldpay and Nuvei could enhance its service offerings and attract more clients. This could increase transaction volumes and potentially boost Visa's revenues. Given Visa's leading role in the payments industry, this news is highly relevant and important for the company.
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