Visa is testing stablecoin payouts to enhance the speed of payments for creators and gig workers. This initiative aims to streamline the payment process, making it more efficient for those in the gig economy. By utilizing stablecoins, Visa seeks to provide quick and reliable transactions, addressing the needs of workers who often require immediate access to their earnings. The move reflects a growing trend among financial institutions to explore digital currencies as a means of facilitating faster payments. Visa’s pilot program will help assess the practicality and effectiveness of stablecoin payouts in real-world scenarios.
This update was auto-syndicated to Bpaynews from real-time sources. It was normalized for clarity, SEO and Google News compatibility.
