Key Highlights: Only 6% of consumers accurately understand how stablecoins operate, with nearly half viewing them solely as cryptocurrency trading tools, according to research from Visa. Visa is expanding its stablecoin settlement capabilities to support more blockchains, while partner Reap works on local-currency tokens including Hong Kong dollar, Korean won, and Japanese yen assets. Payment ...
Key Highlights: Reap has formed a strategic partnership to bring airport lounge and premium travel perks to its institutional client base. Eligible cardholders from crypto exchanges, Web3 neobanks, asset managers, and private banks gain entry to the Priority Pass network. Benefits extend beyond traditional airport lounges to include dining options, spas, and sleep pods across ...
Key Highlights Reap, a Visa Principal Issuer Member owned by Kraken parent Payward, plans to add a Mexican peso stablecoin to its card, cross-border payments, and treasury products. The Hong Kong-based fintech is also exploring stablecoins pegged to the Hong Kong dollar, euro, South Korean won, and Japanese yen through its global stablecoin partnership with ...