Visa partners with BVNK to launch stablecoin remittance service

Global payments giant Visa is integrating BVNK's stablecoin payment infrastructure into its Visa Direct service, CoinDesk reported. The move allows select businesses to pre-fund payments with stablecoins and send them directly to individuals' digital wallets. Visa Direct is used for business-to-person payments, including salary disbursements and overseas remittances. Through the partnership, BVNK plans to establish new payment standards for stablecoins.