ChainCatcher news, Coinbase CEO Brian Armstrong posted on the X platform: "Interesting data about the payment giant Visa." The accompanying image shows that Visa's annual transaction volume has seen little significant growth from 2013 to 2023, while the annual transaction volume of stablecoins has been steadily rising since mid-2016, reaching levels close to Visa's transaction volume by 2023.Additionally, Bitcoin's annual transaction volume has been on the rise since 2013, but saw a decline around 2021, and by 2023, it is comparable to PayPal's transaction volume.

ChainCatcher news, Coinbase CEO Brian Armstrong posted on the X platform: "Interesting data about the payment giant Visa." The accompanying image shows that Visa's annual transaction volume has seen little significant growth from 2013 to 2023. In contrast, the annual transaction volume of stablecoins has been steadily increasing since mid-2016, and by 2023, it is close to Visa's transaction volume.Additionally, Bitcoin's annual transaction volume has been on the rise since 2013, but it experienced a decline around 2021, and by 2023, it is comparable to PayPal's transaction volume.

ChainCatcher news, Tonhub launches Visa debit card, allowing users to pay directly with TON or USDT balance.It is reported that the debit card charges a 1.5% transaction fee, supports SEPA, SWIFT, Apple Pay, and Google Pay. Currently, the debit card is available for EU ID holders, with plans to expand its services by 2025.

ChainCatcher news, according to official sources, Tonhub has launched a Visa debit card that allows users to pay directly using their TON or USDT balance.It is reported that the debit card charges a 1.5% transaction fee and supports SEPA, SWIFT, Apple Pay, and Google Pay.Currently, the debit card is available for EU ID cardholders, with plans to expand its services by 2025.

ChainCatcher news, SafePal launches a Telegram crypto wallet supporting Visa cards. In the announcement, SafePal stated that the new crypto wallet launching on Telegram in November will allow users to create a "fully compliant bank account" licensed by the Swiss Financial Market Supervisory Authority (FINMA).

ChainCatcher news, Coinbase will integrate Visa Direct, which will allow Coinbase customers to fund their Coinbase accounts in real-time using eligible Visa debit cards, purchase cryptocurrencies directly on Coinbase, and withdraw funds from Coinbase to their bank accounts in real-time. Visa and Coinbase also continue to offer the Coinbase Visa debit card to U.S. customers.

ChainCatcher news, according to Bitcoin.com News, a public record obtained by the local media "El Mundo" shows that El Salvador's "Bitcoin Immigration" program does not match the number of visas issued as announced on official social media. The program aims to attract wealthy investors willing to donate $1 million in Bitcoin or USDT to reside in El Salvador, with a goal of issuing at least 1,000 passports and raising $1 billion.However, the immigration authority stated that no passports have been issued, which contradicts reports on social media that at least two families have obtained visas.

ChainCatcher news, FV Bank announces the launch of new debit cards and corporate expense cards.FV Bank is regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) and is a global digital bank and digital asset custodian. The company offers deposit accounts, payment services, digital asset custody, and VISA card issuance services.FV Bank CEO and co-founder Miles Paschini stated, "We are very excited to introduce our new Visa debit card to FV Bank's international client base, which will enable our clients to easily access funds globally and enhance payment flexibility. This marks an important milestone in our commitment to providing innovative and integrated digital banking solutions for both traditional and digital assets."

ChainCatcher news, the Avalanche Foundation has launched the Avalanche Card, which allows users to pay with tokens such as WAVAX, USDC, sAVAX at places that accept Visa, and comes with both a physical card and a virtual card. The card is initially issued in Latin America and the Caribbean, and users can now join the waiting list.

ChainCatcher news, according to official news, Visa has announced the launch of the Tokenized Asset Platform VTAP (Visa Tokenized Asset Platform), aimed at helping banks issue fiat-backed tokens.The VTAP solution has been made available to participating financial institution partners on the Visa developer platform.

ChainCatcher news, Spanish bank BBVA plans to launch a stablecoin business in collaboration with Visa next year. BBVA's head of digital assets and blockchain, Francisco Maroto, stated that the bank is currently in the sandbox phase of Visa's new program, which aims to help businesses launch their own tokenized assets, and hopes to enter the prototype stage and begin actual operations by 2025.Francisco Maroto also mentioned that BBVA has not yet decided whether the stablecoin will be backed by deposits, money market funds, or fiat currencies such as euros or dollars, adding that the company plans to use it for the settlement layer of exchanges.

ChainCatcher news, according to Blockworks, payment giant Visa stated on Wednesday that Spain's BBVA has been involved in the development of the new Visa Tokenization Asset Platform (VTAP) sandbox this year. The bank is testing the issuance, transfer, and exchange of bank tokens on the network blockchain, with plans to launch an initial pilot for selected customers on the Ethereum blockchain in 2025.

ChainCatcher news, according to CNN, the U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against payment giant Visa, accusing it of monopolizing debit card payments. U.S. Attorney General Merrick Garland stated in a press release, "We accuse Visa of illegally accumulating the power to charge fees that far exceed what it could charge in a competitive market."Visa responded that the lawsuit is baseless and will defend itself in court. Visa stated that it faces increasingly fierce competition, especially online.

ChainCatcher news, according to Economy Watch, payment giant Visa announced a partnership with Singaporean crypto payment provider dtcpay to launch the Crypto-to-fiat Card.It is reported that the card is primarily aimed at ultra-high-net-worth (UHNW) individuals, allowing users to convert stablecoins and other cryptocurrencies into fiat currency using real-time exchange rates. There are plans to expand to the merchant side, and the card is expected to open for public registration in the fourth quarter of this year.

ChainCatcher news, Visa's cryptocurrency chief Cuy Sheffield stated during a fireside chat at the Solana Breakpoint event in Singapore on Friday that stablecoins based on non-U.S. fiat currencies will grow in the coming years.Cuy Sheffield said, "The U.S. dollar is great for cross-border transactions, but you need to be able to exchange quickly and efficiently, and other local currency stablecoins can play an important role in that."Cuy Sheffield added that in the future, every major fiat currency will be represented on-chain, although currently, U.S. dollar stablecoins account for 99% of the total supply of stablecoins. It is "exciting" to see more stablecoins trying to differentiate themselves from USDT or USDC entering the market.

ChainCatcher news, according to SolanaFloor disclosed on the X platform, at the Solana BreakPoint event, the head of international payments giant @Visa Crypto department @cuysheffield stated that 65% of stablecoin transactions on @solana are below $100, while Ethereum is not able to frequently conduct low-value transactions, making it not cost-effective.

ChainCatcher news, according to CoinDesk, the Latin American cryptocurrency exchange Ripio has partnered with Visa to launch a DeFi credit card that allows users to spend 30% of their crypto assets locked in the Compound liquidity pool.The card supports various cryptocurrencies including Bitcoin, Ethereum, USDC, USDT, and Ripio's stablecoin UXD. This card is currently in the testing phase, and users can apply by joining the waitlist. Ripio previously launched a Visa prepaid card supporting cryptocurrencies in 2022, offering Bitcoin cash rewards.