South Korea's Shinhan signs for Visa stablecoin platform

Visa is expanding its reach into the next generation of digital payments by partnering with South Korea’s Shinhan Financial Group. This partnership centers on Visa’s new 'Visa Tokenized Asset Platform' (VTAP). While it sounds technical, the core goal is to test how stablecoins—digital currencies pegged to the U.S. dollar—can be used for real-time, global transactions. For retailers, this signals a shift in how consumer financing and payments might work in the near future. Stablecoins offer the potential for instant settlement, meaning merchants could receive funds from a financed purchase immediately rather than waiting days for traditional bank clearing. The collaboration also explores AI-based payment models, which could eventually lead to smarter fraud detection and more personalized financing offers at the point of sale. This isn't just about crypto; it is about the world's largest payment networks building the plumbing for a faster, digital-first economy. As these pilot programs succeed, expect to see new 'pay-with-stablecoin' options appear alongside traditional credit and BNPL choices in your checkout stack.

Source: Finextra

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