Circle, Ripple and Visa join $10 funding round for stablecoin platform Velocity

Major payments players like Visa, Circle, and Ripple are doubling down on stablecoin infrastructure with a new $10 million investment in Velocity. For retailers and operators, this signals a shift in how consumer financing and daily transactions might be settled in the near future. Stablecoins—digital currencies pegged to a stable asset like the US Dollar—are moving from the fringes of crypto into the mainstream financial plumbing used by companies like Visa. For your business, this means the 'rails' that move money between your customers, your lenders, and your bank account are getting an upgrade. Velocity focuses on institutional-grade settlement. This infrastructure aims to make payments faster and cheaper by removing the traditional delays associated with bank transfers. As consumer financing platforms integrate these technologies, merchants could see faster funding times for financed purchases and lower transaction fees compared to traditional credit card networks. While you don't need to accept crypto today, the involvement of Visa suggests that stablecoin-backed payment and lending options will eventually become a standard checkout feature alongside BNPL and traditional credit.

Source: Finextra — Lending

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