Deep Tide TechFlow News, March 3 — According to Fortune, the cryptocurrency startup Bridge, which Visa and Stripe plan to acquire in 2025, aims to expand its stablecoin-supported card business to 100 countries across Europe, Asia, and Africa. This partnership has already been implemented in 18 countries, allowing users to make payments at Visa-accepting merchants using stablecoin balances in their crypto wallets.
Bridge co-founder and CEO Zach Abrams said that the strong merchant network and acceptance built by Visa over the past 40 years remain highly valuable in the stablecoin world. Additionally, Bridge will participate in Visa’s ongoing pilot project, which explores the feasibility of using stablecoins on blockchain for payment settlements instead of traditional bank transfers.
Visa’s head of cryptocurrency, Cuy Sheffield, stated, “If we can transfer billions of dollars on-chain, we can transfer trillions on-chain.”
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Visa will partner with Stripe's Bridge to expand stablecoin cards to over 100 countries worldwide
Deep Tide TechFlow News, March 3 — According to Fortune, the cryptocurrency startup Bridge, which Visa and Stripe plan to acquire in 2025, aims to expand its stablecoin-supported card business to 100 countries across Europe, Asia, and Africa. This partnership has already been implemented in 18 countries, allowing users to make payments at Visa-accepting merchants using stablecoin balances in their crypto wallets.
Bridge co-founder and CEO Zach Abrams said that the strong merchant network and acceptance built by Visa over the past 40 years remain highly valuable in the stablecoin world. Additionally, Bridge will participate in Visa’s ongoing pilot project, which explores the feasibility of using stablecoins on blockchain for payment settlements instead of traditional bank transfers.
Visa’s head of cryptocurrency, Cuy Sheffield, stated, “If we can transfer billions of dollars on-chain, we can transfer trillions on-chain.”