Visa and Baanx Drop the Mic: USDC Stablecoin Cards Go Live—Banks Left Holding Legacy Baggage
Visa just handed crypto a mainstream megaphone. Partnering with Baanx, the payments giant is rolling out USDC-powered cards—letting users spend stablecoins anywhere Visa’s accepted. No conversions, no banks skimming FX fees—just cold, hard blockchain efficiency.
The Killer Feature?
Instant settlement. Merchants get fiat, users burn USDC. Meanwhile, traditional finance still takes 3 business days to move money across the street.
The Catch?
Regulatory side-eye. Visa’s playing nice with USDC’s ‘regulated’ status, but let’s see how long before a senator grandstands about ‘shadow payments.’
Bottom line: Another brick in crypto’s real-world utility wall. And another reminder that banks are racing to be the Blockbuster of money movement.