Visa Partners with WeFi—Founded by Former Tether CEO—to Advance On-Chain Payments, Enabling Direct Stablecoin Spending on the Visa Network
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Visa Partners with WeFi—Founded by Former Tether CEO—to Advance On-Chain Payments, Enabling Direct Stablecoin Spending on the Visa Network
According to The Block, Visa has partnered with WeFi—a “blockchain-based bank” founded by Reeve Collins, former CEO of Tether—to enable users to hold digital assets in self-custodial wallets and spend them directly across the global Visa acceptance network, without depositing assets into centralized exchanges. Maksym Sakharov, Co-Founder and CEO of WeFi, stated that stablecoins are natively embedded into the underlying infrastructure, with settlements processed automatically in the background, delivering a user experience indistinguishable from conventional payments. This partnership will initially launch in select markets across Europe, Asia, and Latin America, with further expansion contingent upon regulatory approvals.
Navigating Web3 tides with focused insightsTechFlow News, April 28: According to The Block, Visa has partnered with WeFi—a “on-chain bank” founded by Reeve Collins, former CEO of Tether—to enable users to hold digital assets in self-custodial wallets and spend them directly across Visa’s global acceptance network, without depositing assets into centralized exchanges. Maksym Sakharov, Co-Founder and CEO of WeFi, stated that stablecoins are natively embedded into the underlying infrastructure, with settlements automatically processed in the background, delivering a user experience indistinguishable from conventional payments. This partnership will initially launch in select markets across Europe, Asia, and Latin America, with further expansion contingent upon regulatory approvals.
