#StablecoinPayments Giant credit card company Visa announced on Wednesday the launch of a new product that will allow consumers to pay with stablecoins in six countries, including Mexico and Argentina. This offering, developed by Visa in collaboration with the startup Bridge, owned by Stripe, is a significant step towards making cryptocurrency a part of mainstream commerce for both merchants and consumers.

The launch, which Visa intends to expand to other countries, comes against the backdrop of the rapid rise in popularity of stablecoins—blockchain-based assets pegged to fiat currency such as the dollar—among traditional financial platforms due to the ease of transferring them between accounts and across borders.