Visa is working with blockchain-based stablecoin infrastructure firm WeFi, to help establish the “last half mile” that can provide users with robust onchain payments and banking services, the companies said.
WeFi, which is co-founded by former Tether OG Reeve Collins, describes its platform as “an orchestration layer between decentralized finance (DeFi) and regulated payment infrastructure, designed to support use cases such as cross‑border spending and on‑chain value storage,” according to a press release.
Collins said the company is upgrading its financial infrastructure to effectively provide users with bank account-like services, including IBAN numbers, while also securing the necessary licenses across different jurisdictions to ensure compliant global operations.
The rollout will take place region by region, starting with selected markets in Europe, Asia and Latin America. Expansion into additional markets will depend on local regulatory approvals and issuing partnerships.
Source: X.com
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