Visa launches stablecoin platform

Visa is launching a platform that makes it easier for banks and fintechs to create and manage digital currencies pegged to the dollar, known as stablecoins. For retailers and service providers, this is a major technical milestone that could eventually change how you get paid and how you offer financing. While this is currently focused on the "pipes" of the financial system, it signals a shift toward near-instant settlement. Instead of waiting days for merchant funding from a financed sale, these digital assets allow money to move 24/7 without traditional banking delays. This platform lowers the barrier for smaller lenders and your current financing partners to integrate blockchain technology into their operations. For you, this likely means more competition among lenders and faster payouts. It could eventually pave the way for cross-border financing options that were previously too expensive or complex to manage. As Visa legitimizes these digital assets, expect your Point of Sale (POS) providers to eventually roll out options to accept these currencies or use them to fund your consumer loans. The goal is a more liquid, faster ecosystem where the gap between a customer’s approval and the money hitting your bank account is virtually zero.

Source: Finextra — Lending

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