Visa Expands Digital Payments Footprint Through Web3 Partnership
Visa has announced a new step to strengthen its presence in the digital payments sector through a strategic partnership with Web3 services platform Mercuryo. The collaboration aims to enable near-instant conversion of cryptocurrencies into local fiat currencies via the global Visa Direct network.
Under the partnership, users will be able to convert their digital asset holdings into traditional currencies and deposit the funds directly onto Visa-issued debit or credit cards. This development significantly reduces waiting times and eases settlement complexities that have long challenged cryptocurrency users seeking fast access to liquidity.
The new service allows transfers to be executed directly from digital wallets or platforms already used by customers, with funds received in local currency and spent seamlessly across Visa’s vast global merchant network. This marks a key step toward expanding the practical, everyday use of digital assets.
The agreement also supports Mercuryo’s expansion in the Web3 space by enhancing cross-border payments and improving access to local currencies, leveraging Visa Direct’s global infrastructure and real-time payment capabilities.
The move aligns with Visa’s broader strategy of integrating its infrastructure across digital value flows without directly engaging in cryptocurrency trading, while maintaining a strong focus on speed, security, and regulatory compliance. The expansion of crypto-to-cash services is expected to boost transaction volumes across Visa’s network and reinforce its position as a leading player in the global payments ecosystem.