Visa, Mastercard Race to Battle $253 Billion Threat Posed by Stablecoin: Report

Visa, Mastercard race to battle $253 billion threat posed by stablecoin: Report

Tech firms and crypto start-ups are moving in on territory long dominated by Visa Inc. and Mastercard Inc., powered by a new type of currency — the stablecoin

Visa, Mastercard Race to Tame a $253 Billion Crypto Threat

(Bloomberg) — A turf war is breaking out in the vast world of digital payments — and the incumbents are suddenly on defense.

Visa, Mastercard race to tame a US$253 billion crypto threat

Tech firms and crypto startups are moving in on territory long dominated by Visa and Mastercard, powered by a new type of...

Here’s the $255,000,000,000 Threat That Visa and Mastercard Are Facing Right Now, According to Insiders: Report - The Daily Hodl

Payment giants Visa and Mastercard are reportedly gearing up to fend off a quarter-trillion-dollar threat against their business models. Bloomberg reports that executives at the two companies – which are a combined $1.1 trillion in market capitalization – are preparing for the continued rise of stablecoins, which drastically lower the cost of everyday transactions for both giants’ customers. Jack Forestell, chief product and strategy officer at …