Visa taps former Tether CEO’s WeFi to connect crypto to its payment network
The Block
Visa has partnered with Reeve Collins’ firm WeFi to enable self-custody digital asset payments across its global network.Summary
Visa is partnering with WeFi, a firm co-founded by former Tether CEO Reeve Collins, to integrate self-custody crypto payments into its global infrastructure. Unlike traditional models that require assets to be held on centralized exchanges, the WeFi collaboration allows users to maintain control of their private keys while spending stablecoins wherever Visa is accepted. The initiative aims to scale stablecoin-based payments by embedding them directly into the underlying payment architecture, providing a seamless user experience. The companies plan a phased rollout across Europe, Asia, and Latin America, pending regulatory approvals.
(Source：The Block)