365Crypto
Visa is moving deeper into crypto payments by working with stablecoin firm BVNK.
The pilot lets businesses send digital dollars across borders using Visa Direct.
How the Pilot Works
Selected companies can pre-fund payouts using stablecoins instead of bank balances.
Funds move directly to digital wallets, skipping bank hours and slow settlement cycles.
The system uses stablecoins, which are crypto tokens designed to track fiat value.*
In this case, the focus is on US dollar-backed tokens.
Why Visa Picked BVNK
Visa invested in BVNK earlier this year through its venture arm.
The new deal followed a competitive review, not a quiet handshake.
Both firms say stablecoins reduce friction in global payments.
Translation: fewer delays, fewer middlemen, and less paperwork.
BVNK’s Second Act
BVNK returned to the spotlight after a $2 billion Coinbase acquisition fell apart.
Since then, it has focused on infrastructure instead of headlines.
The company is now running pilots in high-demand regions.
Expansion will depend on regulation, demand, and wallet compliance rules.
Stablecoins Go Mainstream
Stablecoins now move trillions of dollars each year.
Their growth has caught the attention of banks, regulators, and payment giants.
Rules remain a moving target, especially in the US and EU.
For now, Visa says payouts only reach approved and compliant wallets.
Footnotes:
Stablecoin: a crypto token designed to match the value of a fiat currency
