Visa has launched a pilot program that brings instant stablecoin payouts to the wallets of creators and gig workers, aiming to bridge traditional finance with Web3 technology. Utilizing Visa Direct’s blockchain-enabled infrastructure, businesses can send payments directly to eligible recipients in near real time. This solution eliminates delays associated with legacy payment systems like wire transfers or ACH transactions. 💰
The pilot program addresses a key challenge for freelancers working across borders: limited access to USD accounts. By using USDC-backed digital assets, Visa offers a borderless payout method that maintains stability while leveraging blockchain efficiency.