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Key Takeaways
- Reap supplies issuing and compliance infrastructure.
- Stablecoins may support credit and repayment.
- Cards use Visa’s existing acceptance network.
- The 100-market rollout is not live.
- Several product details remain undisclosed.
Reap is selling the machinery behind the card
Visa and Reap announced on September 23 that they will work together to expand stablecoin-linked Visa credit-card programs beyond Asia and Latin America into Europe, the Middle East and Africa.
The official announcement does not introduce one card that consumers can apply for in every market. Reap will provide infrastructure that fintechs, business platforms and other companies can use to launch their own branded programs.
That infrastructure includes card authorization, processing, compliance frameworks and operational support. Visa suppli...
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