Visa Inc (V): A Profitable Crypto-Exposed Stock Expanding Cross-Border Payments

Visa Inc (NYSE:V) is one of the most profitable crypto-exposed stocks to buy now. On May 27, Visa Inc (NYSE:V) and PingPong announced the launch of a card-to-account payment solution for businesses. They said this solution enables businesses to settle cross-border supplier payments using credit cards, and that it works even when the supplier doesn’t accept card payments.

Amid Crypto Push, Visa Inc (V) Partners on Card-to-Account Payment

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According to Visa and PingPong, this solution enables buyers to extend working capital by at least 45 days without taking on additional debt to meet payment obligations. The solution is initially launching in the EU, UK, and Hong Kong, with US and Singapore rollout coming later this year. At launch, the solution supports payments across 170 countries and 25 currencies, with transactions settling the same day or within two days.

Notably, this card-to-account payment solution comes as Visa increasingly looks to blockchain and stablecoins to improve the speed and efficiency of payments and to lower transaction costs. In December last year, Visa began offering stablecoin settlement for US banks. The company also offers a program for fintech companies to issue stablecoin-linked cards across different countries at once.

Visa Inc (NYSE:V) is a global payment card services provider. It partners with banks and other financial institutions to facilitate funds transfers across credit card, debit card, and prepaid cards. Visa is one of the world’s largest card payment processors.

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