Crypto
Visa partners with BVNK to pilot stablecoin payments on Visa Direct
Visa is partnering with UK-based stablecoin infrastructure company BVNK to run a pilot program on Visa Direct, Cointelegraph reported on Tuesday. Under the collaboration, some corporate clients will be able to execute prefunded cross-border payments using stablecoins and transfer digital dollars directly to recipients’ wallets in certain markets. Cointelegraph said Visa made a strategic investment in BVNK. BVNK said stablecoins could reduce payment friction and offer faster, more efficient options.
