Visa Invests in Stablecoins to Streamline Payments in Latin America

Visa has launched a new stablecoin-focused service aimed at streamlining payments within Latin America, working alongside Bridge, a subsidiary of Stripe. This innovative offering integrates the use of stablecoins through a single API for developers, enabling seamless transactions. 150 million merchants globally will be enabled to utilize this technology due to Visa’s extensive network. Competitors like Mastercard are also developing their own crypto solutions in response to this trend.