Visa and BVNK Enable Stablecoin Payouts on Visa Direct
Visa Partners With BVNK to Enable Stablecoin Payouts on Visa Direct
Visa has partnered with BVNK to support stablecoin payments across the Visa Direct network, expanding the payments giant’s efforts to integrate digital assets into existing global rails.
BVNK said it will provide stablecoin infrastructure for Visa Direct’s $1.7 trillion real-time payments network. The rollout is expected to begin with pilot programs starting this year, with the aim of enabling faster and more flexible payouts.
Visa Direct is Visa’s real-time push-to-card and push-to-account platform used for a range of payouts, including consumer and business disbursements. By adding stablecoin capabilities, the network can support settlement using blockchain-based digital dollars alongside traditional payment mechanisms.
The partnership fits into a broader pattern of established financial infrastructure providers exploring how stablecoins can be used for payments and settlement. Rather than positioning stablecoins as a replacement for card networks, initiatives like this focus on using stablecoins as an additional option within existing payout and transfer systems.
- What happened: Visa tapped BVNK to power stablecoin payments for Visa Direct.
- What’s launching first: Pilot programs are planned to start this year.
- Why it matters: It extends stablecoin functionality into a large, real-time payments network used for global payouts.
