Visa Integrates Stablecoin Payouts via Visa Direct in Partnership with BVNK
Visa's payment network now enables instant stablecoin transactions through its Visa Direct service, leveraging infrastructure from London-based BVNK. The system processes over $30 billion annually in stablecoin flows, allowing cross-border payouts for payroll, gig economy payments, and remittances outside traditional banking hours.
The integration marks a strategic MOVE by the $1.7 trillion payment processor to bridge digital asset functionality with legacy finance. Initial rollout will target select markets, with expansion contingent on demand for crypto-enabled settlements. Visa emphasizes the solution's capacity to facilitate weekend and holiday transactions—a pain point in traditional finance.