Visa Adds Crypto Lender Cred to Fast Track Payments Program
Visa Adds Crypto Lender Cred to Fast Track Payments Program
Crypto lending platform Cred has joined Visa’s Fintech Fast Track Program to speed up payments and borrowing, Cred said Tuesday.
- According to the statement, entry into the fast track program will allow Cred to “more easily leverage the reach, capabilities and security that Visa offers.”
- By integrating its services with Visa, Cred can send interest payments directly to customer bank accounts in Visa’s network as well as issue crypto credit cards that will let customers access a line of credit without having to liquidate their crypto assets.
- The Visa Fintech Fast Track Program, launched in the U.S. in July 2019, works as a vehicle for innovative fintech startups to leverage Visa’s vast network, resources and services to scale quickly.
- In April 2020, Visa added shopping app Fold to its fast track program to issue a card that offered bitcoin rewards instead of points.
- Since then, two bitcoin lightning startups Strike and LastBit also joined the program.
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