Visa announced a partnership on Tuesday, April 28, 2026, with WeFi, a blockchain-based stablecoin infrastructure firm co-founded by former Tether CEO Reeve Collins, to establish onchain payments and banking services connected to Visa's global payment network. WeFi describes its platform as an orchestration layer between decentralized finance and regulated payment infrastructure, planning to offer users bank accounts with IBAN numbers while obtaining licenses worldwide. The rollout will proceed region by region starting in selected European, Asian, and Latin American markets, with expansion dependent on local regulatory approvals and issuing partnerships. Collins stated the partnership closes the last half mile of onchain banking infrastructure, with WeFi aiming to serve underbanked populations globally as the platform scales.
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