Visa Inc. (NYSE:V) is one of the best 500 shares to buy according to the billionaire. On June 20th, Visa announced its strategic partnership with Yellow Card. The purpose of this collaboration is to enhance cross-border transactions using Stablecoin Technology, with a focus on streamlining financial operations and improving liquidity management.
This partnership will enable cross-border USD transactions using blockchain technology, reducing payment costs and enabling ongoing village capabilities, including weekends and holidays. Visa has already driven more than $225 million Stablecoin transactions over the network between participating clients.
A close-up of the latest payment device with a pile of credit cards on the side.
This collaboration explores new Stablecoin use cases in more than 20 African countries where yellow cards operate to integrate these solutions with Visa Direct. Last month, Visa also invested in BVNK, a South Africa-based Stablecoin Payments company. The partnership with Yellowcard is expected to accelerate the adoption of Stablecoin in regions where access to traditional financial services is limited and local currency volatility is a concern.
Visa Inc. (NYSE:V) is a payment technology company that offers credit, debit and prepaid card products. Yellow Card is an African fintech company specializing in stablecoin payments.
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Disclosure: None. This article was originally published on Insider Monkey.
