Visa taps BVNK to power stablecoin payouts on Visa Direct

Global payment technology giant Visa has announced a strategic partnership with BVNK, a leading crypto-to-fiat payment provider, to integrate stablecoin payout functionality into its flagship cross-border service, Visa Direct. This collaboration aims to modernize global disbursements by leveraging the speed and efficiency of digital assets, specifically stablecoins like USDC.

The integration sees BVNK acting as the crucial on-ramp and off-ramp, facilitating the receipt and conversion of stablecoins from corporate clients. Businesses utilizing Visa Direct can now fund mass payouts using stablecoins, which are instantly converted into local fiat currency and disbursed directly onto eligible Visa debit and prepaid cards across various markets.

This enhancement addresses critical inefficiencies often found in traditional cross-border payments, such as slow settlement times and limited operating hours. By leveraging BVNK’s platform, Visa Direct gains 24/7/365 settlement capability. This allows businesses operating in sectors like the gig economy, marketplaces, and insurance claims to deliver funds almost instantaneously and globally, significantly enhancing operational efficiency and recipient experience.

The partnership underscores Visa’s active strategy to bridge traditional financial infrastructure with the evolving digital asset economy, making crypto rails accessible and practical for major enterprises seeking fast, reliable, and cost-effective disbursement solutions.

Source: Visa taps BVNK to power stablecoin payouts on Visa Direct