Digital wallets are making cross-border transactions easier and more cost-effective, especially for economically vulnerable communities, with a projected $800 billion in cross-border payments this year.
Collaborations like Visa's with Thunes and TerraPay are expanding digital wallet reach, connecting users across multiple regions, and promoting financial inclusion.
Visa has partnered up with Solana to to introduce USDC settlements over the blockchain network.
This announcement comes after Mastercard and PayPal have launched their own stablecoin initiatives, signaling interest in the digital currency by payments players.
Amid the ups and downs, Citigroup is en route to a major structural reorganization followed by a new wave of high-profile exits.
Whether the restructuring effort can keep the positive investor sentiment intact and boost stock returns will likely depend on how effectively the workforce can rebound.
