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Visa Partners With Zerohash to Expand Stablecoin Payments…
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FinanceFeeds
Visa is adding stablecoin funding and payout capabilities to Visa Direct through a partnership with onchain infrastructure provider zerohash, giving eligible business clients another way to manage cross-border liquidity and distribute funds.
Under the planned integration, Visa Direct clients will be able to prefund merchant accounts with stablecoins and send payouts directly in stablecoins.
Visa Direct connects to more than 18 billion endpoints across over 195 countries and territories, including payment cards, bank accounts and digital wallets.
The commercial value will also depend on which stablecoins Visa supports, where payouts are available and how easily recipients can convert tokens into local currencies.
The Visa Direct integration adds to the company’s existing blockchain work, including its internal stablecoin platform and its participation in Open Standard, a group preparing to launch the OUSD stablecoin.