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Visa, a global payments network and card issuer, and WeFi, an on-chain banking and payment infrastructure provider, are collaborating to explore on-chain banking and stablecoin payment use cases in selected markets. The initiative examines how blockchain-based value can integrate with existing payment experiences within regulatory frameworks, building on Visa’s digital asset payment efforts.
WeFi describes its platform as an orchestration layer between DeFi and regulated payment systems. Its deobanking model separates custody from payment execution, enabling users to control digital assets while accessing regulated rails. The focus includes cross-border payments, spending, and on-chain value storage using stablecoins.
Rollout will proceed region by region, starting in Europe, Asia, and Latin America. Expansion depends on regulatory approvals and issuing partners.
Image: Magnific
coindesk.com