Visa is Pioneering the Future of Tokenized Payments

Hey Autentic community!

Today, we bring you great news from the industry!  

Visa, a global leader in digital payments, is taking a major step toward bridging traditional fiat currencies with blockchain technology. They’ve just announced the Visa Tokenized Asset Platform (VTAP), a groundbreaking product that will enable financial institutions to issue and manage fiat-backed tokens on blockchain networks.

Visa’s vast global network, connecting more than 15,000 financial institutions and facilitating seamless fiat transactions in over 200 countries, is now being extended into the world of blockchain. By integrating smart contracts and new blockchain technologies, Visa is empowering banks to issue and transfer fiat-backed tokens, beginning with pilots on the Ethereum blockchain, expected to go live in 2025.

Vanessa Colella, Global Head of Innovation and Digital Partnerships at Visa says: “Visa has been at the forefront of digital payments for nearly sixty years, and with the introduction of VTAP, we are once again setting the pace for the industry.” 

This only proves one thing: tokenization is not just a trend – it’s the future. Global leaders like Visa has recognized the potential of blockchain.  

Stay with Autentic because we, too, are at the forefront of asset tokenization. Together, we are shaping the future!