Visa offers data to back onchain lending

Visa is launching a new data service designed to help fintechs and lenders issue credit based on blockchain activity. For most retailers, this signals a major shift in how customer creditworthiness might be measured in the near future. Instead of relying solely on traditional FICO scores, lenders can now use Visa’s data to analyze a customer’s stablecoin transactions and 'onchain' history. This creates a bridge between the crypto world and everyday consumer financing. For operators, this means a new segment of customers—those who hold wealth in digital assets rather than traditional bank accounts—will soon have easier access to credit at the point of sale. Visa is providing the infrastructure that allows lenders to feel safe extending credit to these users by verifying their digital collateral and repayment history. As stablecoins become more mainstream for payments, your business may see new financing programs emerge that cater specifically to the 'crypto-native' demographic. This move by Visa is less about speculation and more about building the plumbing for the next generation of digital credit cards and BNPL tools.

Source: Payments Dive

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