Visa takes stablecoin-powered money movement from pilots to production

Visa is moving its stablecoin-powered payment systems from the testing phase into full production. This means the global payment giant is now officially using blockchain technology and USDC stablecoins to settle transactions behind the scenes. For retailers and service providers, this marks a shift in how money moves from the consumer's wallet to your bank account. The primary goal is to speed up the settlement process and reduce the complexity of cross-border transactions. Historically, moving funds through the banking system could take days, especially if international borders were involved. By using stablecoins, Visa can bypass some of the traditional banking bottlenecks. While your customers might still pay with their usual cards or apps, the plumbing underneath is becoming digital-native. This technology will eventually lead to faster access to your funds and lower overhead costs for payment processing. It also signals that large financial institutions are fully committing to digital assets as a legitimate tool for everyday commerce, not just a niche investment.

Source: Finextra — Lending

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