Visa teams up with WeFi to bring crypto payments to its network

Visa has entered a partnership with WeFi, a blockchain-based banking firm founded by Reeve Collins, the former CEO of Tether, to enable digital-asset payments via WeFi's on-chain banking infrastructure, Odaily Planet Daily reported. WeFi lets users hold assets and control their private keys through self-custody wallets, while allowing those funds to be spent wherever Visa payments are accepted. The rollout will begin in select markets across Europe, Asia and Latin America, with plans to expand to additional regions once regulatory approvals are secured. WeFi CEO Maksym Sakharov said the stablecoin will be embedded directly into the platform's core infrastructure, with settlements handled in the background so users don't need to manually convert currencies.