Visa Expands Data Program to Help Blockchain Lenders Finance Stablecoin Cards
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· body · New information from a source
Visa is expanding its data offering for blockchain-based lenders, giving them access to VisaNet settlement information to help finance issuers of stablecoin-linked cards, according to CNBC.The program combines VisaNet settlement data with onchain lending to underwrite working capital for crypto card issuers, according to CoinDesk.Card issuers often need short-term financing to cover the gap between when cardholders spend and when settlement occurs, and Visa's data can help onchain lenders assess and price that risk.The push comes as stablecoin payment volume on Visa's network has jumped nearly 200% year over year, according to Cointelegraph.That growth has fueled demand for stablecoin-linked cards, prompting Visa to build out infrastructure connecting its traditional settlement rails with blockchain-based credit providers.The move extends Visa's broader effort to embed itself in crypto-linked payment infrastructure, positioning the company as a data intermediary between card issuers and the onchain lenders financing them.- Visa is rolling out a new program that gives blockchain-based lenders access to VisaNet settlement data, allowing them to extend working-capital loans to issuers of stablecoin-linked cards, according to CNBC.
- The initiative combines Visa's traditional payment-network data with onchain lending infrastructure, according to CoinDesk, which reported that the move is designed to help card issuers finance operations as transaction volume grows.
- Cointelegraph reported that stablecoin payment volume on Visa's network has jumped nearly 200% year over year, a surge that has driven demand for financing tools among issuers of stablecoin-linked cards.
- By opening its settlement data to blockchain lenders, Visa is positioning itself deeper inside the infrastructure connecting stablecoins to everyday card payments, according to CNBC and CoinDesk.
· summary · New information from a source
Visa is sharing VisaNet settlement data with blockchain lenders so stablecoin-linked card issuers can access working capital loans, as stablecoin payment volume on its network jumps nearly 200% annually.- Visa is opening up VisaNet settlement data to blockchain lenders so they can extend working-capital loans to issuers of stablecoin-linked cards, as stablecoin payment volume on its network jumps nearly…
· headline · New information from a source
Visa Opens VisaNet Settlement Data to Blockchain Lenders Financing Stablecoin Card Issuers- Visa Expands Data Program to Help Blockchain Lenders Finance Stablecoin Cards
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Visa is rolling out a new program that gives blockchain-based lenders access to VisaNet settlement data, allowing them to extend working-capital loans to issuers of stablecoin-linked cards, according to CNBC.
The initiative combines Visa’s traditional payment-network data with onchain lending infrastructure, according to CoinDesk, which reported that the move is designed to help card issuers finance operations as transaction volume grows.
Cointelegraph reported that stablecoin payment volume on Visa’s network has jumped nearly Visa is combining VisaNet settlement data with blockchain lending as stablecoin payment volume on its network jumps nearly 200% year over year.
year over year, a surge that has driven demand for financing tools among issuers of stablecoin-linked cards.
By opening its settlement data to blockchain lenders, Visa is positioning itself deeper inside the infrastructure connecting stablecoins to everyday card payments, according to CNBC and CoinDesk.
Sources: CNBC, CoinDesk, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 9 updates
- flashVisa expands data access for blockchain lenders amid surge in stablecoin card demandfirst reported · 2 sourcescnbc.com · coindesk.com
- storyVisa Expands Data Program to Help Blockchain Lenders Finance Stablecoin-Linked Cardsupdate · 2 sourcescnbc.com · coindesk.com
- storyVisa Expands Blockchain Lender Data Program as Stablecoin Card Demand Surgesupdate · 2 sourcescnbc.com · coindesk.com
- storyVisa Expands Data Access for Blockchain Lenders Financing Stablecoin-Linked Cardsupdate · 2 sourcescnbc.com · coindesk.com
- storyVisa Expands Blockchain Lender Data Program as Stablecoin Card Demand Surgesupdate · 2 sourcescnbc.com · coindesk.com
- storyVisa Expands Data-Sharing Program to Help Blockchain Lenders Finance Stablecoin Card Issuersupdate · 2 sourcescnbc.com · coindesk.com
- storyVisa Expands Data Sharing With Blockchain Lenders to Fund Stablecoin-Linked Card Issuersupdate · 2 sourcescnbc.com · coindesk.com
- storyVisa Expands Blockchain Lending Data Program as Stablecoin Card Demand Surgesupdate · 2 sourcescnbc.com · coindesk.com
- storyVisa Opens VisaNet Settlement Data to Blockchain Lenders Financing Stablecoin Card Issuersupdate · 3 sourcescnbc.com · coindesk.com · cointelegraph.com
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