Visa is expanding its crypto payment capabilities through a new partnership with Singapore’s dtcpay.
This collaboration will integrate dtcpay’s digital payment solutions into Visa’s global network, which spans over 130 million merchants in 200 countries.
As part of this partnership, Visa will launch the ‘dctpay Visa Infinite’ card, allowing users to convert digital assets into fiat currencies for card use. The agreement aims to enhance payment options for high-net-worth individuals, businesses, and general consumers, integrating crypto payments into mainstream financial systems.
Visa’s Singapore Manager, Adeline Kim, emphasized that this move highlights Visa’s dedication to advancing payment technologies. Dtcpay’s CEO, Alice Liu, noted that the partnership helps bridge the gap between digital and traditional finance.
This collaboration follows Visa’s recent crypto-related ventures, including partnerships with Swiss hardware wallet maker Tangem and digital asset-linked debit card provider Gnosis Pay.
Australia’s central bank has decided to prioritize the development of a wholesale central bank digital currency (CBDC) over a retail version.
Circle has announced that it will now support local bank transfers for USDC in Mexico and Brazil, using the countries’ real-time payment systems PIX and SPEI.
CEX.io, a centralized cryptocurrency exchange, has unveiled a new integration with financial services firm MoneyGram and the Stellar blockchain.
Fintech giant Revolut is planning to launch its own stablecoin. Sources indicate that Revolut, which recently secured a U.K. banking license and was valued at $45 billion earlier this year, is progressing well with this initiative.