Visa and Mastercard launch stablecoin payment services covering cross-border payouts and spending at global merchants
Initiatives From Mastercard And Visa Bring Stablecoin Payments Closer to the Mainstream
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Visa has launched a commercial service incorporating stablecoins into Visa Direct and, through Inyo Global, supports businesses in sending domestic and international payouts to more than 180 countries; Mastercard has partnered with BVNK to launch the Global Money Platform. The platform allows users to spend stablecoins at hundreds of millions of merchants worldwide that accept Mastercard, with initial users including Nuvei, Marqeta, Ontop, Beem, and Almond Fintech.
The two services cover stablecoin funding, cross-border payouts, and merchant spending respectively, demonstrating concrete pathways for card networks to integrate stablecoins into everyday money movement.
Source:Digital Transactions News · digitaltransactions.net