Mercuryo Integrates Visa Direct for Real-Time Payouts
Crypto payments firm Mercuryo has partnered with Visa to provide near real-time crypto-to-fiat conversions using the Visa Direct payment network. The integration allows users to off-ramp digital assets from their existing wallets or exchanges and have the proceeds sent directly to their Visa debit and credit cards, often within minutes.
This service is designed to significantly cut settlement times and transaction costs, particularly for cross-border payouts. By removing the traditional friction of cashing out digital assets, users can access local currencies more efficiently. "This partnership with Visa will further enhance Mercuryo’s ability to deliver a fast, low-cost user experience,” said Mercuryo co-founder and CEO Petr Kozyakov.
Visa's Stablecoin Settlements Reach $3.5B Annualized Rate
The Mercuryo deal highlights Visa's accelerating push into the digital asset ecosystem. The payments giant reported that its stablecoin settlement volumes have reached an annualized run rate of $3.5 billion, signaling growing institutional use of its network for crypto-related transactions. This follows a milestone in July of last year when Visa surpassed $200 million in cumulative stablecoin settlement volume.
Visa is building a comprehensive crypto infrastructure, having launched a Stablecoins Advisory Practice in December to assist businesses with integration. Anastasia Serikova, head of Visa Direct in Europe, stated the collaboration aims to bridge the gap between crypto platforms and traditional financial systems, improving convenience for everyday payments. However, Visa CEO Ryan McInerney has cautioned that the technology requires clearer regulations to achieve its full potential.
