💳Visa partners with the rising star of stablecoins, Bridge, to promote the global implementation of cryptocurrency payments!
Visa is collaborating with the stablecoin platform Bridge, acquired by Stripe, to launch a new Visa card product that supports spending stablecoin balances. Users can directly spend stablecoins like USDC at any merchant worldwide that supports Visa, with automatic conversion to fiat currency settlement in the background.
🌍 The first regions to go live include six countries in Latin America (Argentina, Mexico, Colombia, etc.), with Bridge providing off-chain settlement and fiat currency exchange support.
🔍 What does this mean?
Stablecoins are moving from on-chain to real-world consumption scenarios.
Visa is bridging "decentralized money" with "centralized payment networks," reflecting traditional payment giants' trust in the prospects of cryptocurrency payments.
This is a strong positive for the stablecoin sector, likely leading to a significant increase in the usage of assets like USDC.
👀 Bridge's CEO stated that this is a "major unlocking of real-world crypto payments," and Visa has also revealed that it will continue to enhance stablecoin integration efforts.
💡 With giants like Visa and Stripe entering the space, the future of "buying coffee with stablecoins" might arrive sooner than you think.
