- Visa is expanding capabilities to integrate various crypto networks (Ethereum, Stellar, Solana, Avalanche) to facilitate crypto-to-fiat on-ramps, challenging traditional payment rails.
- Visa provides infrastructure for stablecoin card programs.
Reap and Visa Inc. expand stablecoin card programs into Africa and 100+ markets
- Reports
- 6
- Developments
- 2
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Reap and Visa Inc. announced a strategic collaboration to bring stablecoin-linked Visa credit card programs to over 100 markets globally. Reap will provide the card issuance infrastructure, allowing the programs to comply with local regulations. This partnership extends Reap's infrastructure beyond Asia and Latin America into EMEA and Africa.
From milwaukeesun.com, aninews.in
Why it matters
Stablecoin-linked card programs represent a rapidly growing segment of digital payments, which is growing at a 106% compound annual growth rate, according to Artemis Research. The collaboration provides infrastructure that facilitates bridging digital asset holdings with global merchant acceptance.
Visa Inc. is expanding its capabilities to integrate various crypto networks to facilitate crypto-to-fiat on-ramps, challenging traditional payment rails.
From milwaukeesun.com, aninews.in
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- bankSpeculative
Banks might see increased transaction revenue due to higher digital payment volume and stablecoin adoption.
How it developed
Newest first. Tap a step to see who reported it.Reap provides card issuance infrastructure for Visa programs across Latin America and Africa.1 source
Reap expands Visa stablecoin infrastructure programs into Africa and globally.1 source
Keep exploring
The entities involved
Related events
- Visa Inc. and Mastercard are testing live AI agent-initiated payments, leveraging partnerships with companies like Klook and AWS to drive card usage in Southeast Asia.
- Major payment companies like Visa, Mastercard, and PayPal are competing and expanding their reach in emerging markets.
- Visa conducted a study on digital payment trust and Visa Asia Pacific manages fintech development in the region.
- Visa Inc. and Mastercard integrate a payment network into their card portfolio.
- Visa Inc., Mastercard, Circle, Ripple, Robinhood, and Bitget Wallet have formed a partnership to integrate card spending into their financial ecosystem.