Visa is teaming up with a Tether co-founder to build onchain banks
CoinDesk
Visa is partnering with WeFi, co-founded by Reeve Collins, to provide onchain banking and stablecoin payment services to underbanked regions globally.Summary
Visa has announced a partnership with WeFi, a blockchain infrastructure firm co-founded by Tether veteran Reeve Collins, to create a robust "last half mile" for onchain banking. The platform functions as an orchestration layer between decentralized finance and regulated payment systems, allowing users to receive IBAN numbers and perform cross-border transactions. By leveraging Visa's global network, the companies aim to provide banking services to underbanked populations in Europe, Asia, and Latin America while operating within established regulatory frameworks.
(Source：CoinDesk)