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Visa Expands Stablecoin Payments to Six Latin American Markets
Visa Expands Stablecoin Payments to Six Latin American Markets
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Visa is bridging the gap between traditional finance and digital assets with a new stablecoin payment solution across Mexico, Argentina, and four other Latin American countries. The initiative targets both consumers and merchants, enabling real-time conversion of stablecoin transactions into local currencies.
Rubail Birwadker, Visa’s senior vice president, highlighted practical applications: A Colombian freelancer receiving US dollar-pegged stablecoins could spend them instantly via Visa cards at neighborhood stores or e-commerce platforms. This move capitalizes on Latin America’s growing crypto adoption, where dollar-linked stablecoins serve as both payment tools and inflation hedges.
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