On November 27, Visa announced its collaboration with Aquanow to enhance stablecoin payment processes across Central and Eastern Europe, the Middle East, and Africa. This initiative aims to streamline transactions while cutting down costs, indicating a shift towards the adoption of blockchain technology in mainstream finance.
The integration, leveraging USDC, signifies a substantial institutional commitment, with Visa’s processed transaction rates exceeding 2.5 billion USD annually. The collaboration is expected to improve transaction speed and transparency, making it easier for financial institutions in the CEMEA region to engage in digital asset transactions.
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