Visa Direct Takes Stablecoin Prefunding Into Production
Visa has moved its stablecoin prefunding capabilities into production through Visa Direct, while Remittix tests alternative bank payment routes.
Visa has advanced its stablecoin infrastructure by taking stablecoin prefunding into production via Visa Direct, according to a report by StreetInsider. The payment giant is expanding its capabilities in the digital asset sector as traditional financial rails increasingly intersect with blockchain-based settlement systems.
Simultaneously, Remittix is testing a different route for bank payments. The concurrent developments highlight evolving approaches within the payments industry to integrate blockchain technology and stablecoins for cross-border transactions and liquidity management.
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Key facts
- Visa Direct has taken stablecoin prefunding into production.
- Remittix is testing a separate route for bank payments.
- The developments focus on bridging traditional banking systems with stablecoin rails.
Source: news.google.com
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