Summary
- It was reported that Visa and Bridge have partnered to launch a stablecoin-based Visa card.
- It was announced that through this card, users can directly pay with stablecoins at Visa merchants.
- The product is planned to be launched starting in Latin American countries and gradually expand.
On the 30th (local time), according to the cryptocurrency-focused media The Block, global payment company Visa and stablecoin payment startup Bridge have partnered to launch a stablecoin-based Visa card.
Through the card being launched, users will be able to directly pay for goods and services at Visa card merchants using their stablecoin balance. Bridge will provide the backend infrastructure for users to withdraw their stablecoin balance and convert it to fiat currency.
The product is planned to be launched sequentially starting with Latin American countries such as Argentina, Colombia, Ecuador, Mexico, Peru, and Chile.
Meanwhile, Bridge is a company founded by former executives of Coinbase and was acquired by global online payment company Stripe last October.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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