Visa Adds Polygon to Stablecoin Settlement as Card Payments Go 24/7
Visa has integrated Polygon into its stablecoin program to enable 24/7 settlement for fintech issuers, reducing capital costs and reliance on traditional banking hours.Summary
Visa has expanded its stablecoin settlement program by adding the Polygon network, allowing fintech issuers to settle card payment flows outside of traditional banking hours. Currently, card payments operate 24/7, but settlement remains tied to bank calendars, forcing firms to hold significant capital as prefunding or collateral to cover weekends and holidays. By using stablecoins on Polygon, issuers can settle transactions in seconds, improving capital efficiency and operational liquidity. Polygon aims to further simplify this process through its "Open Money Stack," which facilitates fiat-to-stablecoin conversion and custody, making it easier for financial institutions to integrate blockchain technology into their existing treasury operations.
(Source：BeInCrypto)