Visa Unveils VTAP: Is it Time to Buy After its Bold Blockchain Move?
VVisa(V) ZACKS·2024-10-04 23:51

Payment processing juggernaut Visa Inc. (V) introduced a new product called the Visa Tokenized Asset Platform (VTAP), which enables banks to issue and manage fiat-backed tokens (like stablecoins) on blockchain networks. This new platform is part of the company's broader strategy to integrate traditional finance with blockchain technology. Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) , a major bank, is already working with Visa on testing this solution, planning to run live pilots on the public Ethereum bloc ...