Visa is expanding capabilities to integrate various crypto networks (Ethereum, Stellar, Solana, Avalanche) to facilitate crypto-to-fiat on-ramps, challenging traditional payment rails.
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Updated sep 23
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How it started
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What happened
Visa is expanding capabilities to integrate various crypto networks (Ethereum, Stellar, Solana, Avalanche) to facilitate crypto-to-fiat on-ramps, challenging traditional payment rails.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- MetaMask is expanding its product availability globally and rolling out Mastercard-enabled spending cards.Sub-event
- Visa provides infrastructure for stablecoin card programs.Sub-event
- Kraken uses the Visa network for merchant acceptance and rewards customers with Bitcoin cashback.Sub-event
- Solana and Avalanche are noted for their fast and cheap transaction capabilities compared to Ethereum.Sub-event
- MoneyGram is offering alternative cross-border payment methods by allowing cash deposits to access Bitcoin and utilizing the Solana network for infrastructure expansion.Sub-event
- Visa announced major product developments, including expanding stablecoin settlement capabilities to Solana and Ethereum, and forming digital payment collaborations with Worldpay and Nuvei.Sub-event
Visa is integrating multiple crypto networks to enable crypto-to-fiat on-ramps.1 source
Rain partnered with Visa to push stablecoin-linked cards, utilizing Rain infrastructure for Meta and Amazon payouts.1 source
Show 1 earlier step
- Major players are adopting stablecoins, driving alternatives to traditional card payments.
Keep exploring
The entities involved
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Ethereum
public blockchain platform with programmable transaction functionality
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Visa Inc.
American multinational financial services corporation
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Solana
Mexican cottage manufacturer of sporting cars
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Amazon
American multinational technology company
Related events
- Stellar leads in tokenized assets compared to Avalanche and XRP Ledger, while Solana holds significant assets supported by Circle stablecoins.
- New financing platforms have launched, allowing institutions to borrow against staked Solana and enabling Circle to convert BTC into collateral.
- SoFi expanded its offerings to include access to over 25 cryptocurrencies as the overall crypto market declined.
- Regulatory bodies in Europe and elsewhere are moving toward dedicated crypto-asset regulations, including stablecoin status clarifications.
Coverage
Newest first; wire copies grouped- yahoo.com
- ZacksVisa's Future in the Stablecoin Era: Friend, Foe, or Frenemy? For Visa Inc. V, whose “cash cow” interchange revenues hinge on card-based transactions, the surge of stablecoins represents both a loomi
- decryptFintech Rain Raises $58 Million to Fuel Stablecoin Push on Visa Network Stablecoin-backed card company Rain, which partnered with Visa this year, has raised $58 million as part of a series B funding
- Herald-TribuneWhat are stablecoins and why are Visa and Mastercard so concerned? | Retire on Track If you’ve never heard of stablecoins, you’re not alone. But if you’ve ever paid a bank fee, tapped your card at a
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