Visa’s Stablecoin Revolution: Faster Cash for Creators, Less Waiting, More 🎉

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Finance

What to know:

  • Visa’s pilot lets you get paid in stablecoins like USDC, because who needs banks anyway? 🏦✖️
  • Creators and freelancers can now access their cash faster than you can say “blockchain.” 🚀

Well, slap my wallet and call me impressed! Visa has decided to dip its toes into the wild world of stablecoins, announcing at Web Summit in Lisbon (because where else would you announce such a thing?) that they’re testing a system to send payments directly to stablecoin wallets. That’s right, no more waiting for banks to shuffle their digital papers-your money could be in your wallet faster than a politician backpedaling on a promise. 🏃💨

The funds? Delivered in dollar-backed stablecoins like USDC, because apparently, the future of money is as stable as a unicyclist on a tightrope. 🤹♂️

This pilot is aimed at creators, freelancers, and gig workers-you know, the folks who often have to wait longer for their pay than it takes to binge an entire season of a show. And if you’re working across borders? Forget about it. Unless, of course, you’re using this new system, which promises to make international payments as smooth as a jazz saxophonist on a Saturday night. 🎷

Visa claims this move will help people in countries with currencies more volatile than a toddler’s mood swings. Transactions are recorded on public blockchains, which means transparency is the name of the game-unless you’re trying to hide your late-night snack deliveries, in which case, good luck. 🍕🔍

“Launching stablecoin payouts is about enabling truly universal access to money in minutes-not days-for anyone, anywhere in the world,” said Chris Newkirk, president of Commercial & Money Movement Solutions at Visa. Because let’s face it, waiting for money is about as fun as a root canal. 🦷

This follows Visa’s earlier pilot, which let businesses pre-fund payouts using stablecoins. Now, they’re taking it a step further, pushing stablecoins closer to the end users. It’s like giving the financial system a shot of espresso-let’s see if it can keep up with the caffeine buzz. ☕💪

Visa plans a broader rollout in 2026, assuming the regulatory gods smile upon them and client demand doesn’t fizzle out like a forgotten New Year’s resolution. Until then, we’ll be here, watching the blockchain and banking worlds collide like a slow-motion car crash-but in a good way. 🚗💥

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2025-11-12 13:09