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Visa to Partner with Stripe's Bridge to Expand Stablecoin Card to Over 100 Countries Worldwide
According to Fortune, Visa and Stripe's cryptocurrency startup Bridge, which they plan to acquire in 2025, aims to expand its stablecoin-supported card business to 100 countries across Europe, Asia, and Africa. This collaboration has already been implemented in 18 countries, allowing users to make payments at merchants accepting Visa using their stablecoin balances in crypto wallets.
Bridge co-founder and CEO Zach Abrams stated that the strong merchant network and acceptance built by Visa over the past 40 years remain highly valuable in the stablecoin world. Additionally, Bridge will participate in Visa's ongoing pilot project, which explores the feasibility of using stablecoins on the blockchain instead of traditional bank transfers for payment settlements.
Visa's Head of Cryptocurrency Cuy Sheffield said, "If we can transfer billions of dollars on-chain, we can transfer trillions on-chain."