Visa, a global leader in digital payments, announced that it has partnered with Aquanow, an international digital assets platform specialising in liquidity and infrastructure solutions, to extend its stablecoin settlement capabilities across the Central and Eastern Europe, Middle East, and Africa (CEMEA) region.
- Visa, a global leader in digital payments, announced that it has partnered with Aquanow, an international digital assets platform specialising...
- Visa’s network of issuers and acquirers will be able to settle transactions using authorised stablecoins, such as USDC, thanks to...
- Visa piloted a programme in 2023 that allowed customers to satisfy their settlement obligations in USDC, making it one of...
- Together, Visa and Aquanow are unlocking new ways for institutions to participate in the digital economy, leveraging stablecoin technology to...
Keep reading for the full breakdown on Aquanow — everything you need to know is covered below.
Visa’s network of issuers and acquirers will be able to settle transactions using authorised stablecoins, such as USDC, thanks to the integration of Aquanow’s digital asset infrastructure with Visa’s top-notch technology stack, which will reduce expenses, operational friction, and settlement times.
Visa utilises stablecoins to digitise backend of money flow
Visa is utilising stablecoins to digitise the backend of money flows, providing a 365-day settlement in response to strong demand from financial institutions for quicker, more affordable cross-border transactions.
Visa piloted a programme in 2023 that allowed customers to satisfy their settlement obligations in USDC, making it one of the first significant payment networks to settle transactions in stablecoins. Monthly volumes have thus far exceeded an annualised run rate of $2.5 billion.
“By harnessing the power of stablecoins and pairing them with our trusted global technology, we are enabling financial institutions in CEMEA to experience faster and simpler settlements,” said Godfrey Sullivan, Head of Product and Solutions for CEMEA at Visa.
“Our partnership with Aquanow is another key step in modernising the back-end rails of payments, reducing reliance on traditional systems with multiple intermediaries, and preparing institutions for the future of money movement.”
Phil Sham, CEO of Aquanow, said, “Visa’s reliable global network has long moved money securely and efficiently. Together, Visa and Aquanow are unlocking new ways for institutions to participate in the digital economy, leveraging stablecoin technology to settle with the speed and transparency of the internet.”
About Visa
Visa is a global leader in digital payments, enabling transactions in more than 200 countries and territories for customers, businesses, financial institutions, and governmental organisations.
Its goal is to create the most cutting-edge, practical, dependable, and secure payment network possible so that people, companies, and economies can prosper.
Visa believes that economies that consider access as the cornerstone of the future of money flow are those that uplift and involve everyone everywhere.
About Aquanow
Aquanow is a global institutional digital asset platform that powers rapidly expanding banks, neobanks, brokerages, and payment companies. It has extensive experience with infrastructure and liquidity.
The business manages its technological infrastructure and underwrites monthly cryptocurrency broking and payment transactions of billions of dollars.
Since its founding in 2018, Aquanow has had more than 170 employees across offices worldwide. Aquanow achieved a four-year revenue growth rate of 3,022 per cent and was listed on the Deloitte Technology Fast 500 list in 2024 for the second year in a row.