The post Visa Creates Stablecoin-Backed Cards for South American Countries, Including Argentina and Mexico ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Visa will launch a new product that allows consumers in Latin America to make payments with stablecoins. The product will be part of a pilot program, launching in countries like Mexico and Argentina. Visa is widely known for its credit card products and ability to make fast transactions. Visa will collaborate with crypto firm Bridge to connect the credit card company with stablecoin wallets. The pilot project, if successful, will be scaled to other continents such as Europe, Africa, and Asia. Stablecoins have become very popular among institutional traders due to their benefits, including low volatility, fast transactions, and secure custodial wallets. Stablecoins enjoy the best of both worlds, combining the flexibility of Bitcoin with the stability of fiat currencies. The Visa collaboration with Bridge would allow South American workers to use a Visa card with their stablecoin savings. A worker in Argentina could get paid in stablecoins and then use the tokens with a Visa card. There is also the option of using an app such as Apple Pay to pay for products, such as shopping. There is currently a global push to allow for crypto payments. The goal would be to allow users to pay for a wide range of items, such as online shopping, fast food, groceries, and utility bills, using cryptocurrencies like stablecoins to make the purchases. Visa is doing a similar thing, only with a credit card, which could boost crypto adoption in South America. Many people are already using US dollars to offset inflation, and may find the Visa card very convenient.  The pilot program would include countries such as Argentina, Mexico, Colombia, Ecuador, Peru, and Chile. People would be able to use a Visa card to pay for products at any outlet that accepts Visa cards. FinTech companies will be…

---

Filed under: News - @ May 1, 2025 7:28 pm