Visa Collaborates with BVNK to Expand Blockchain-Powered Payment Solutions

Visa has formed a strategic partnership with BVNK, a London-based fintech company specializing in blockchain payments. This collaboration will leverage BVNK’s stablecoin infrastructure and its expertise in low transaction costs and real-time settlement for Visa’s blockchain payment initiatives. This move reflects the growing interest of traditional financial institutions in utilizing blockchain technology to enhance cross-border payments’ efficiency and cost-effectiveness.