Visa and Mastercard Adopt USDC Payouts Across 200 Countries
(3 hours ago) · 1 source · Summarized by CryptoBipto
Visa and Mastercard have reportedly begun supporting USDC stablecoin payouts across approximately 200 countries. The move integrates a major dollar-pegged stablecoin into the existing global payments infrastructure operated by the two largest card networks.
WHY IT MATTERS
Visa and Mastercard are the two biggest credit and debit card networks in the world. Think of them as the highways that most electronic payments travel on. USDC is a type of stablecoin, which is a cryptocurrency designed to always be worth one US dollar. If these payment networks now allow businesses to receive payouts in USDC instead of traditional money, it means a digital dollar built on blockchain technology is being plugged into the same system people already use to buy groceries or pay for online orders. For someone new to crypto, this is notable because it shows traditional financial companies incorporating blockchain-based money into everyday commerce, potentially making stablecoins more accessible to people who have never used cryptocurrency before.
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- cryptoslate.com
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