Warning: Constant WP_CACHE already defined in /home/.sites/104/site3946958/web/wp-config.php on line 11 Visa and Bridge Launches Stablecoin Visa Cards in Latin America - Bitcoin 21 Btc

      Visa and Bridge Launches Stablecoin Visa Cards in Latin America

      ByBitcoin21

      May 1, 2025

      TLDR

      • Visa launches stablecoin cards in 6 Latin American countries.

      • Users spend stablecoins, merchants get paid in local currency.

      • Bridge (owned by Stripe) powers real-time crypto-to-fiat conversion.

      • The card helps fight inflation with stablecoin-based spending.

      • Global rollout planned for Europe, Africa, and Asia next.

      Visa has announced a new partnership with Bridge, a stablecoin infrastructure startup recently acquired by Stripe, to launch a stablecoin-linked Visa card in Latin America. The initiative is designed to enable developers to offer Visa cards backed by stablecoin balances.

      The product will initially roll out in six countries across the region, including Argentina, Colombia, Ecuador, Mexico, Peru, and Chile. Cardholders will be able to spend stablecoins at any merchant that accepts Visa, with merchants receiving payments in their local currencies. The integration will handle backend processes, including stablecoin balance deductions and conversions into fiat currencies.

      Bridge Powers Backend Operations for Stablecoin Payments

      Bridge will provide the infrastructure to support the conversion of stablecoins into fiat currency at the point of sale. The startup will manage the technical processes that draw funds from users’ stablecoin wallets and convert them into the merchant’s local currency in real time. This process ensures that users can transact with digital assets while merchants receive payments in their preferred fiat currency.

      As part of Stripe’s acquisition, Bridge gains access to additional resources and reach, enabling a broader deployment of stablecoin-based solutions. Developers using Bridge’s tools can issue Visa cards backed by stablecoins, creating opportunities for new payment applications in the crypto space.

      Product Launch Targets Latin American Market First

      The initial rollout focuses on Latin American countries where inflation and financial instability have driven interest in stablecoins. The card will allow users to purchase stablecoins, bridging the gap between crypto assets and traditional retail payments. This development comes when policymakers in the United States consider new regulations to govern stablecoin usage.

      Visa aims to build on its existing crypto initiatives. The company has previously piloted stablecoin transactions and is moving toward wider adoption. The partnership with Bridge reflects Visa’s intent to support more efficient, interoperable payment systems that include stablecoins as part of their infrastructure.





      Expansion Plans Beyond Latin America Underway

      Visa and Bridge plan to expand the stablecoin Visa card product to other regions, including Europe, Africa, and Asia. This expansion is expected to reach broader global markets in the coming months.

      The companies aim to enable faster and more accessible cross-border and domestic payments. The card will used at any Visa-accepting location, giving users flexibility while benefiting from the stability of fiat-backed digital currencies.Visa’s partnership with Bridge marks a significant development in stablecoin utility and crypto-to-fiat payment infrastructure. With the new stablecoin-linked Visa cards, users in Latin America can conduct everyday transactions using stablecoins, while merchants receive payments in local currencies. As the companies plan future expansion, this initiative could become a model for stablecoin integration across global financial systems.

       

       



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