Visa and Mastercard Are Moving Fast Into Stablecoins
Visa and Mastercard are moving quickly to embrace cryptocurrencies for payments, to take advantage of the rising popularity of stablecoins in developing countries and fend off competition from merchants trying to circumvent their networks. The companies ramped up their crypto payments business overseas and have been looking for acquisitions or investments. Visa wants to invest in stablecoin startups, especially in infrastructure that can help scale its network of banks and increase the number...