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Onchain receivable-backed credit presents major opportunity, Cuy Sheffield says

Onchain receivable-backed credit presents major opportunity, Cuy Sheffield says
Onchain receivable-backed credit opportunity

Cuy Sheffield, vice president and global head of crypto at Visa, described onchain receivable-backed credit as a massive opportunity. Sheffield added that more information about ongoing developments in this area will be shared soon.

Earlier this year, Visa enabled stablecoin pre-funding for cross-border payments, naming Inyo Global as the first enabler of the service according to company statements. Cuy Sheffield also confirmed that Meshpay became Visa’s first stablecoin partner to integrate native crypto payments at merchants through Visa Pay. These developments signal Visa’s continued push into onchain and stablecoin-powered products.

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