BlockBeats News, March 3 — According to Fortune, the cryptocurrency startup Bridge, which Visa and Stripe plan to acquire in 2025, aims to expand its stablecoin-supported card business to 100 countries across Europe, Asia, and Africa. Currently, it is operational in 18 countries, allowing users to make payments at Visa-accepting merchants using stablecoin balances in their 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 projects to explore the feasibility of using stablecoins on blockchain for payment settlements instead of traditional bank transfers.
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