Visa steps into on-chain lending. The company will begin sharing its billing data with blockchain lenders so they can evaluate the financial performance of crypto firms and provide them with funding through smart contracts. They are already testing with Credit Coop.
Right now, Visa supports more than 160 stablecoin card programs—nearly double what it had a year ago.
In essence, Visa is becoming a bridge between traditional finance and DeFi lending. It doesn’t hand out money itself, but provides data that lenders can use to make decisions. And smart contracts automate the entire process.
The payments giant isn’t fighting crypto—it’s incorporating it into its infrastructure. And stablecoin cards have grown twofold over the past year—this is no longer an experiment, but a trend.
What do you think—will other traditional players follow suit, or will Visa remain the first and only one?
NFA. DYOR.
$BTC
Right now, Visa supports more than 160 stablecoin card programs—nearly double what it had a year ago.
In essence, Visa is becoming a bridge between traditional finance and DeFi lending. It doesn’t hand out money itself, but provides data that lenders can use to make decisions. And smart contracts automate the entire process.
The payments giant isn’t fighting crypto—it’s incorporating it into its infrastructure. And stablecoin cards have grown twofold over the past year—this is no longer an experiment, but a trend.
What do you think—will other traditional players follow suit, or will Visa remain the first and only one?
NFA. DYOR.
$BTC
