Visa Expands Stablecoin Strategy as Quantoz Joins as Principal Member in Europe
Visa has expanded its stablecoin strategy by welcoming Dutch payment company Quantoz as a principal member in Europe. This partnership enables Quantoz to issue Visa-branded virtual debit cards backed by its regulated digital money tokens, including USDQ, EURQ, and EURD, which maintain a 1:1 value with the US dollar and euro. Users can spend these tokens online and in-store via mobile wallets, making stablecoins usable for everyday payments.
As a principal member, Quantoz can issue Visa cards directly without relying on banks and act as a BIN sponsor, allowing other fintech firms to launch their own stablecoin-linked debit cards using its membership. Quantoz’s tokens are issued under a Dutch central bank license, with funds held 1:1 in safeguarded accounts and protected by a bankruptcy-remote structure including a 2% reserve buffer.
This move follows similar initiatives, such as Visa’s partnership with UK-based BVNK earlier this year, signaling a growing effort by traditional payment networks to integrate stablecoins into daily transactions.
TheNewsCrypto02/18 11:33
