Visa Partners with BVNK to Enable Stablecoin Payouts on Visa Direct
Visa Partners with BVNK to Enable Stablecoin Payouts on Visa Direct
Visa has announced a strategic partnership with BVNK, a crypto-native payment provider, to integrate stablecoin functionality into its Visa Direct platform. This collaboration will allow businesses to fund and receive real-time payouts using stablecoins in specific markets, enhancing the efficiency of cross-border transactions and business operations.
Visa Expands Digital Payment Capabilities Through BVNK Partnership
In a significant move to bridge traditional financial services with the burgeoning digital asset economy, global payments giant Visa has teamed up with BVNK. The core of this partnership focuses on integrating stablecoin payment capabilities directly into Visa Direct, Visa's renowned real-time push payment platform. This integration is designed to empower businesses, providing them with the flexibility to utilize stablecoins for both sending and receiving payouts. Such a development marks a clear trend towards the mainstream adoption of digital currencies for practical, enterprise-level applications, especially for streamlining international payments and improving treasury management efficiencies in select operational regions.