Visa (V) started a pre-funding pilot for the use of stablecoins through Visa Direct, the real-time payment platform.
Businesses will be able to transfer money across the boundaries without the need to park the big fiat in balance in advance, Visa announced on Tuesday.
“The goal: reduce friction, unlock faster access to liquidity and give financial institutions more flexible in how they manage global payout,” said the giant payment.
Businesses will pre-fund their visa direct account with Stablecoins instead of FIAT, which will be counted by the visa as “bank money,” which means that funds are available to be paid.
Visa, like Much of their peers In traditional financial fees (tradfi), became speed its plans to stablecoins – Crypto tokens are on the value of a tradfi asset such as AA Fiat Currency.
They have gained increasing interest in their use as Main jurisdictions introduced a formal regulation of regulation Administer stablecoins.
