Visa Expands Stablecoin Reach in Europe, Middle East and Africa
Visa appears to be doubling down on stablecoins, which are fast becoming the new payment rails of the Internet, having last month invested in stablecoin-based payments firm BVNK.
In 2023, Visa became one of the first major payment networks to settle transactions in Circle's USDC stablecoin. To date, over $225 million in stablecoin volume has been settled through Visa across participating clients, according to a press release.
'In 2025, we believe that every institution that moves money will need a stablecoin strategy,' said Godfrey Sullivan, Visa's Senior Vice President and Head of Product and Solution for CEMEA in a statement.
The Yellow Card partnership will explore cross-border payment options, streamlining treasury operations and enhancing liquidity management.
'Together with Visa, we're building a bridge between traditional finance and the future of money movement. We look forward to continuing to innovate new solutions that can transform how money moves for even more secure, efficient, and transparent payment solutions,' said Chris Maurice, Co-Founder and CEO of Yellow Card.
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About North Arrow Minerals: Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Kenneth Armstrong, (NWT/NU, ON), Chairman of North Arrow and a Qualified Person under NI 43-101. Mr. Armstrong has reviewed and approves the technical and scientific information in this news release. North Arrow Minerals Inc. /s/ "Eira Thomas"Eira ThomasPresident and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. 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