Visa Launches Stablecoin Pilot for Creator Payouts
- Visa launches a stablecoin pilot impacting global funds transfer.
- Creators and freelancers gain faster payouts in stablecoins.
- This broadens market reach for digital finance solutions.
Visa has launched a pilot program for stablecoin payouts through Visa Direct, enabling faster payments directly to creators, freelancers, and gig workers’ wallets globally.
This initiative aims to enhance financial accessibility and speed, with broader implications for gig economy efficiency and potential regulatory considerations by 2026.
Visa launched a stablecoin pilot on October 2023, allowing creators globally to receive faster payouts.
The stablecoin initiative could reshape digital payments, enhance global access, and quicken transactional times for creators and freelancers.
Visa Direct Pushes Quick Payments for Freelancers
Visa initiated a stablecoin payout pilot using Visa Direct, targeting creators and freelancers for quicker global payments. This program complements their previous innovations in stablecoin settlement.
Visa collaborates with key partners, utilizing USDC on Ethereum and Solana, aiming for broader rollout pending regulatory clarity by 2026.
Blockchain Paves Way for Financial Access
The pilot could enhance financial accessibility for the underbanked, increase transaction speed, and simplify cross-border payments using blockchain transparency.
Businesses may experience improved operational efficiency and reduced transaction times, bolstering Visa’s position as a leader in digital finance solutions.
“Launching stablecoin payouts is about enabling truly universal access to money in minutes – not days – for anyone, anywhere in the world.” — Chris Newkirk, President, Commercial and Money Movement Solutions, Visa
Visa’s Role in USDC Adoption Growth
Visa’s past pilots, notably their pre-funding innovations, demonstrate the company’s long-standing interest in stablecoin technology enhancing payment systems.
Experts suggest that similar historical initiatives by Visa led to increased USDC adoption and may predict future trends in other financial blockchain applications.
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