💳 THE "FINAL MILE"
#Visa and the co-founder of #Tether are bridging the gap between traditional banking and DeFi
The infrastructure that will change your wallet
Visa has announced a strategic partnership with WeFi, the infrastructure company led by Reeve Collins (co-founder of Tether), to integrate real bank accounts directly into the blockchain. This isn't just another pilot; it's the construction of a global orchestration layer for programmable money.
On-Chain Banking with Real IBAN: #Wefi will not only enable payments but is also "modernizing the facilities" to offer IBAN numbers to users. This means you'll be able to receive your salary or make traditional bank transfers directly to a blockchain-based infrastructure with full regulatory compliance.
Visa's Global Network: Visa's role is to close the "final mile." Its network will allow on-chain value storage and decentralized finance (DeFi) to connect with millions of merchants and ATMs, operating under established legal frameworks and with the trust of a leading brand.
Focus on Global Inclusion: Reeve Collins has made it clear that the goal is to bank the unbanked. By partnering with local banks and financial institutions, WeFi aims to provide robust financial services in regions where access to traditional banking is limited.
Strategic Rollout: The expansion will be surgical and phased, starting in selected markets in Europe, Asia, and Latin America (a key region for crypto adoption). The speed of growth will depend on local licenses, ensuring each step is "regulator-proof."
#CryptoNews
$BTC
$SOL
$ASTER
#Visa and the co-founder of #Tether are bridging the gap between traditional banking and DeFi
The infrastructure that will change your wallet
Visa has announced a strategic partnership with WeFi, the infrastructure company led by Reeve Collins (co-founder of Tether), to integrate real bank accounts directly into the blockchain. This isn't just another pilot; it's the construction of a global orchestration layer for programmable money.
On-Chain Banking with Real IBAN: #Wefi will not only enable payments but is also "modernizing the facilities" to offer IBAN numbers to users. This means you'll be able to receive your salary or make traditional bank transfers directly to a blockchain-based infrastructure with full regulatory compliance.
Visa's Global Network: Visa's role is to close the "final mile." Its network will allow on-chain value storage and decentralized finance (DeFi) to connect with millions of merchants and ATMs, operating under established legal frameworks and with the trust of a leading brand.
Focus on Global Inclusion: Reeve Collins has made it clear that the goal is to bank the unbanked. By partnering with local banks and financial institutions, WeFi aims to provide robust financial services in regions where access to traditional banking is limited.
Strategic Rollout: The expansion will be surgical and phased, starting in selected markets in Europe, Asia, and Latin America (a key region for crypto adoption). The speed of growth will depend on local licenses, ensuring each step is "regulator-proof."
#CryptoNews
$BTC
$SOL
$ASTER