Latin American pilots are required to have a card for Stablecoin-linked accounts.

A pilot system Visa is aiming to increase will give customers in six Latin American nations the ability to make stablecoin transactions, the payments big announced on Wednesday.

According to a media release from the San Francisco-based global, card holders in Argentina, Colombia, Ecuador, Mexico, Peru, and Chile will be able to use the new cards at any merchant that accepts Visa. In the coming months, Visa said it will look to increase the company to include Europe, Asia, and Africa. &nbsp,

According to the payments big, financial companies and designers will be able to issue the cards. The business, which made more than$ 9 billion in revenue in its most recent quarter, announced that it was working with Stripe’s Bridge, a subsidiary of the payments services company, to create stablecoin-linked Visa cards. In the coming months, Visa said it will look to increase the company to include Europe, Asia, and Africa. &nbsp,

The news comes shortly after Mastercard made a service that allows users to use stablecoins, and it reflects the growing interest in stablecoins.

In its statement, Visa said that” Stablecoins are making their way into headlines, supper party conversations, and shortly, daily transactions. &nbsp,

According to Jack Forestell, the company’s general goods and strategy officer, Visa is “focused on integrating stablecoins into its existing network and products in a smooth and stable way.”

reached out to Visa for additional comment. 

Cryptocurrencies are a type of cryptocurrency that are typically backed by U.S. dollars and non-volatile assets. They are the core of the crypto market, according to crypto’s activists, because they enable traders to carry out transactions without the aid of traditional banks. &nbsp,

Crypto people can store these digital currencies in cellular wallets that are not authorized to be used for credit. &nbsp,

Visa added that it was concentrating on Latin America” to address the growing need for consumers and businesses to use cryptocurrencies to keep value and bank daily buying,” but that European, African, and Asian nations would soon have the same company. &nbsp,

In recent years, Visa has introduced a number of pro-crypto initiatives. &nbsp,

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