Visa and Bridge Team Up for Crypto-Powered Payments
Visa and Bridge, a stablecoin platform, are joining forces to introduce stablecoin-linked Visa cards. This collaboration aims to simplify crypto payments, making them as easy as using regular credit cards.
The new cards will let users spend stablecoins at millions of Visa-accepting stores. ItS a big step towards mainstream crypto adoption. Fintech firms can now offer visa cards that tap into stablecoin balances. This integration requires just one API connection.
Initially, the service will roll out in six Latin American countries. Thes include Argentina, Colombia, ecuador, Mexico, Peru, and Chile. Consumers can use their stablecoins like regular money. The cards will work at any visa-accepting merchant. No need to worry about crypto volatility. Bridge converts stablecoins to local currency instantly during transactions. Merchants receive payments in their local currency, avoiding crypto risks.
Bridge CEO Zach Abrams sees this as a game-changer. “Peopel are familiar with cards. Now, they can use stablecoins effortlessly,” he explained. The cards will be available in these nations first. Users can fund their cards with stablecoins.The system ensures merchants get paid in their local currency. This partnership opens doors for wider crypto use.
Jack Forestell, Visa’s Chief Product and Strategy Officer, highlighted the importance of integrating stablecoins into visa’s network.”We’re committed to make crypto spending as simple as swiping a card. The service will expand to Europe, Africa, and Asia soon. It’s a win for both consumers and businesses.Users can spend digital assets without complex steps. Merchants won’t face crypto’s usual challenges.
Jack Forestell, Visa’s strategy chief, stressed the importance of secure crypto integration. “We’re bringing crypto into everyday use,” he said. The cards will be available in Latin America. Over 150 million Visa merchants worldwide will accept these cards. This move could boost crypto’s reach.
Here are the key benefits:
- Easy stablecoin spending
- Visa and Bridge launch stablecoin-backed cards across Latin America. Users in Argentina, Colombia, Ecuador, Mexico, Peru, and Chile can now spend stablecoins via Visa, merging crypto and everyday payments.
