Visa, an American financial technology company, has reported a new service for stablecoin payments in the Latin American region. This service was developed within the scope of cooperation with Bridge within Strepe. The product aims to allow the use of stablecoins with a single API integration.
Visa and Bridge Partnership
The partnership aims to provide simplicity in the transaction infrastructure by enabling Bridge FinTech developers to integrate their products. This step is considered as part of important initiatives to increase the use of crypto assets in the financial sector.
The initiative can add a new dimension to the transactions carried out by local businesses and customers with digital assets.
MasterCard, Visa and Crypto
According to the statement, the service is expected to be offered through local stores. More than 150 million sellers in which Visa works will help the spread of the new system. The business partnership will also allow the launch of new card programs in Colombia, Ecuador and Mexico. It was stated that the company plans to open up to other markets in the future.
In addition, competitors operating in similar areas have taken steps to produce solutions for crypto assets. A few days ago, Mastercard made an important announcement in this direction. Currently, Visa and Mastercard are competing in crypto as two major companies in their field.
This development points out that competition is increasing in the financial technology sector and technological innovations come to the forefront. The prepared service aims to facilitate the use of crypto assets in daily purchases. This development is followed within the scope of innovation activities in financial technologies. The new system will allow users to perform safe transactions through technological infrastructure.
This development in the field of finance has been presented to contribute to the digital transformation process of the sector. The new product and service is expected to increase its competitiveness in the international arena. In the following process, it is envisaged to be adapted to other regions and to reach wider masses of users.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
