Visa, Bridge partner to launch stablecoin-linked cards

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Visa, Bridge partner to launch stablecoin-linked cards - Channel News Asia

Quick Summary:

Visa and stablecoin infrastructure provider startup Bridge are partnering to offer stablecoin-linked Visa cards to customers across multiple countries in Latin America, which the companies say will allow users to make everyday purchases in cryptocurrency tokens.The move comes as the U.S.

Credit card is seen in front of displayed Visa logo in this illustration taken, July 15, 2021.

Proponents say that they could be used to send payments instantly, but it remains challenging to use stablecoins for everyday purchases because merchants typically don't accept payments in crypto.