Visa Partners With BVNK to Enable Stablecoin Payouts on Visa Direct

Visa, the global leader in digital payments, has announced a strategic partnership with BVNK, a payments platform specializing in bridging traditional finance and digital assets. The collaboration aims to integrate stablecoin functionality into the robust Visa Direct platform, enabling businesses to facilitate near real-time payouts globally using digital currencies.

The partnership leverages BVNK’s digital asset payment capabilities to allow its clients—including global marketplaces, financial institutions, and gig economy platforms—to convert stablecoins, such as USDC or USDT, into traditional fiat currency. These converted funds are then instantly pushed to eligible bank accounts and cards worldwide via Visa Direct, Visa’s global real-time push payments network.

Historically, cross-border business payments have faced challenges related to speed, operational hours, and high transaction costs associated with traditional banking rails. By incorporating stablecoins, which settle 24/7, Visa and BVNK address this friction head-on. The integration allows businesses to capitalize on the efficiency of blockchain technology while maintaining the security and familiarity of Visa’s established payments infrastructure for recipients.

According to executives from both companies, this collaboration significantly enhances the value proposition of Visa Direct, offering a highly efficient mechanism for disbursing funds internationally. For businesses dealing heavily in digital assets or operating in jurisdictions where traditional banking access is complex, the BVNK-Visa Direct integration provides a seamless pathway for operational finance and employee compensation.

This move reinforces Visa’s strategic commitment to exploring and integrating Web3 technologies into its core services, ensuring the company remains at the forefront of the evolving digital economy. The stablecoin payout capability is expected to roll out to BVNK’s qualifying business clients in select markets over the coming months.

Source: Visa Partners With BVNK to Enable Stablecoin Payouts on Visa Direct