Visa has announced a partnership with Aquanow to enhance its stablecoin settlement capabilities across the Central and Eastern Europe, Middle East, and Africa regions. This collaboration aims to integrate Aquanow’s digital asset infrastructure with Visa's technology, enabling financial institutions to settle transactions using stablecoins like USDC. The partnership is set to reduce costs and settlement times, addressing the growing demand for faster, cost-effective cross-border transactions. By leveraging stablecoins, Visa is modernizing the backend of money movement, reducing reliance on traditional financial systems, and aligning with the future of digital payments.
- Visa (NYSE:V) last closed at $334.44 up 0.2%.
Elsewhere in the market, Abu Dhabi Commercial Bank PJSC (ADX:ADCB) was a standout up 4.8% and finishing the session at AED14.10.
Best Digital Payment Stocks
- SoFi Technologies (NasdaqGS:SOFI) closed at $29.72 up 4.3%.
- JPMorgan Chase (NYSE:JPM) settled at $313.08 up 1.8%, near its 52-week high.
- PayPal Holdings (NasdaqGS:PYPL) finished trading at $62.69 up 1.4%.
Where To Now?
- Click here to unveil our expertly curated list of 220 Digital Payment Stocks including Al Rajhi Banking and Investment, Synchrony Financial and Barclays.
- Ready To Venture Into Other Investment Styles? This technology could replace computers: discover the 28 stocks are working to make quantum computing a reality.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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