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Visa partners with Aquanow to promote stablecoin settlement: 365 days of uninterrupted payments are here for the Middle East and Africa.
[Chain News] The news has come that payment giant Visa has begun using stablecoin settlement in Central and Eastern Europe, the Middle East, and Africa. This time they have partnered with encryption infrastructure provider Aquanow to integrate stablecoins like USDC into local issuing and acquiring institutions.
What is the most attractive? Year-round, 24/7 Settlement. Unlike traditional banking systems that shut down on weekends and holidays, transactions can be processed anytime throughout the 365 days. For merchants frequently engaged in cross-border payments, this improvement in efficiency is substantial.
This move by Visa indicates that traditional financial giants are seriously laying out their plans for the stablecoin payment track. After all, in emerging markets, traditional financial infrastructure is already inadequate, and stablecoins may become a more flexible solution.