Visa and SCRYPT: stablecoin transfers are fast, but local-currency payout is a separate step
- —Visa since Oct 15 lets corporate clients pre-fund payments in USDC via Visa Direct
- —Inyo Global is the first partner, supporting payouts in 180+ countries
- —SCRYPT since July 14 enabled direct settlement in KES, TZS, RWF and UGX
- —BIS says stablecoin transfer costs must include on/off-ramp fees, which may match or exceed bank transfers
Why it matters: On-chain speed does not remove conversion costs and banking delays, limiting the real savings stablecoin payments can deliver.
Source: TokenPost