Payment Card Giant Visa (V) has expanded its stablecoin capabilities throughout Central and Eastern Europe, the Middle East and Africa (Cemea) region and has also formed a strategic partnership with African crypto exchange Yellow Card.
Visa seems to be doubled on stableecoins, which will quickly become the new payment rails on the Internet after investing in stableCOin-based payment company BVNK.
By 2023, Visa became one of the first major payment networks to run transactions in Circle’s USDC StableCOin. So far, over $ 225 million in stableecoin volume has been decided through visas across participating clients, according to a press release.
“By 2025, we believe that any institution that moves money needs a stableecoin strategy,” said Godfrey Sullivan, Visa’s Senior Vice President and Head of Product and Solution to Cemea in a statement.
The yellow map partnership will explore cross -border payment options, streamline the Treasury operations and improve liquidity management.
“Together with Visa, we build a bridge between traditional finance and the future of money movement. We look forward to continuing to innovate new solutions that can transform how money is moving for even more secure, efficient and transparent payment solutions,” said Chris Maurice, co -founder and CEO of Yellow Card.