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Visa and WeFi Test On-Chain Payments
Visa — a bank card issuer and global payment network — and WeFi — a provider of on-chain banking and payment infrastructure — have launched a joint initiative to test use cases for on-chain banking and stablecoin payments in selected countries.
The project aims to explore how blockchain-based digital assets can be integrated into familiar payment services while complying with existing regulations. The initiative continues Visa’s expansion into digital payments.
WeFi describes its platform as a bridging layer between decentralized finance and regulated payment systems. The decentralized on-chain banking model is based on separating asset custody from payment execution.
This allows users to maintain control over their digital assets while still using traditional financial systems. Key use cases include cross-border transfers, payments, and storing funds in stablecoins.
The rollout will take place gradually across different regions — starting with Europe, Asia, and Latin America. Further expansion will depend on regulatory approvals and issuing partners.
See also: "First time in Japan! Bitcoin exchange launches a credit card"
