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Visa Expands Stablecoin Settlement to Central and Eastern Europe, Middle East and Africa
- Visa expands stablecoin settlement infrastructure to Central and Eastern Europe, Middle East, and Africa.
- Stablecoins are seen as a fast and cost-effective solution for cross-border transactions in emerging markets.
- Visa now allows select issuers and acquirers to settle US dollar cross-border payments using stablecoins.
- The move aims to lower costs, improve liquidity management, and enable 24/7 settlements across regions.
- Visa partners with Yellow Card, a stablecoin infrastructure provider in Africa, to scale real-time settlement for digital wallets.
- The collaboration aims to expand access to USD-backed transactions in underbanked areas.
- Visa's initiative aligns with bridging Web2 financial institutions and Web3 payment ecosystems.
- The company aims to keep up with the growing digital currency adoption.
- Visa positions itself as a leader in stablecoin adoption for global payments by offering real-time blockchain-based settlement.
- The expansion signifies Visa's commitment to bringing blockchain-powered payment solutions to regions where legacy systems are lagging.
- Visa's efforts reflect a broader trend of embracing blockchain technology for financial transactions.
- The expansion with Yellow Card demonstrates Visa's focus on enhancing financial inclusion in developing markets through innovative payment solutions.
- Visa's move underscores the increasing importance of stablecoins in the global financial ecosystem.
- The partnership with Yellow Card highlights the potential for stablecoin usage to drive financial access and efficiency in underbanked regions.
- Visa's strategy positions the company at the forefront of leveraging blockchain technology for cross-border payments.
- This news highlights Visa's commitment to embracing technological advancements in the payment industry for greater efficiency and accessibility.
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