Visa to Pilot Stablecoin-Linked Cards in Latin America
Visa is launching a pilot program for stablecoin-linked cards in six Latin American countries, including Argentina, Colombia, and Mexico. In collaboration with Bridge, a subsidiary of Stripe, the service will allow users to make purchases through a stablecoin balance at any merchant that accepts Visa. This initiative reflects Visa's response to the increasing demand for stablecoins as a method of everyday transactions. Visa's strategy aims to integrate stablecoins into its existing network in a seamless manner. The company has also indicated plans to extend this service to other regions such as Europe, Asia, and Africa in the near future. The announcement coincides with continued interest in stablecoins, highlighting their role in the crypto economy as users seek alternatives to traditional banking systems. The pilot positions Visa to capitalize on the growing trend of digital currencies backed by fiat assets, aligning with the evolving needs of consumers and businesses in financial transactions.
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