Banking Hours Are Over: Visa Bets on USDC to Finance International Wire Transfers

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Visa is moving its stablecoin-related Visa Direct services from pilot to commercial deployment, partnering with US-based platform Inyo Global. This service allows businesses to prefinance cross-border payments in USDC almost instantly and outside of traditional banking hours. Previously, companies had to preload a reserve account in advance through wire transfers subject to processing delays. The payments giant also reported an annualized stablecoin settlement volume estimated at 20 billion dollars, 15 times higher than a year earlier, with over 160 card programs linked to stablecoins.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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