Payment Card Giant Visa (V) has expanded its stable capabilities across the Central and Eastern Europe, the Middle East and Africa (CEMEA) regions, and has entered into a strategic partnership with African Crypto Exchange Yellow Cards.
Visa appears to be doubled with Stablecoins. This is becoming the new payment rail for the internet, investing in Stablecoin-based payment company Bvnk last month.
In 2023, Visa became one of the first major payment networks to resolve transactions with Circle’s USDC Stablecoin. To date, more than $225 million in Stablecoin volumes have been resolved through visas across participating clients, according to a press release.
“We believe that every institution moving money needs a stubcoin strategy in 2025,” said Godfrey Sullivan, senior vice president at Visa and Head of Products and Solutions at CEMEA.
Yellowcard partnerships will consider cross-border payment options, streamlining financial operations and strengthening liquidity management.
“Along with visas, we will build a bridge between the future of traditional finance and the financial movement. We look forward to continuing to innovate new solutions that can change how money moves for safer, more efficient and transparent payment solutions.”