TLDR
- Visa has formed a strategic alliance with WeFi, a stablecoin payment infrastructure company, to deliver blockchain-based banking solutions
- Reeve Collins, who helped establish stablecoin giant Tether, co-founded WeFi
- The collaboration seeks to bridge the final gap in blockchain banking infrastructure
- Customers will receive traditional banking features, including IBAN accounts, through Visa’s worldwide infrastructure
- Initial deployment targets Europe, Asia, and Latin America, pending regulatory approval
Visa has revealed a strategic collaboration with WeFi, a blockchain payments infrastructure provider, to bring onchain financial services and payment solutions to global users.
[[SCRIPT_0]]Reeve Collins, a co-founder of WeFi, played a pioneering role at Tether, the organization responsible for issuing the world’s most widely-used stablecoin. WeFi positions itself as an intermediary layer bridging decentralized financial systems with compliant payment infrastructure.
According to both organizations, this partnership addresses the “last half mile” challenge in blockchain banking infrastructure — essentially bridging the divide between blockchain-powered financial services and the conventional banking tools that everyday consumers and businesses depend on.
Collins explained that the platform will provide users with traditional banking capabilities, including International Bank Account Numbers (IBANs). This functionality enables users to transfer funds internationally using conventional banking channels.
WeFi is actively pursuing financial licenses across multiple jurisdictions to ensure compliance with regional regulatory requirements. Collins emphasized that securing these authorizations represents a critical component of their deployment strategy.
How the Rollout Will Work
The collaboration will be implemented through a phased regional approach. Initial launch markets include specific nations across Europe, Asia, and Latin America.
Further market penetration will be contingent upon obtaining necessary regulatory permissions and establishing relationships with regional banking institutions. Collins indicated that the organization intends to onboard additional banking collaborators progressively.
The initiative specifically targets underbanked populations — individuals lacking consistent access to conventional banking infrastructure. Collins noted that the platform aims to serve these communities by providing stablecoin-powered payment systems and blockchain-based value storage.
Mathieu Altwegg, Visa’s Head of Product and Solutions in Europe, stated that this collaboration demonstrates how Visa’s extensive network can integrate with blockchain financial ecosystems while maintaining adherence to existing regulatory frameworks.
What WeFi’s Platform Does
WeFi characterizes its technology as an orchestration infrastructure — a framework that integrates DeFi applications with regulated payment systems.
The infrastructure supports international transactions and enables value storage directly on blockchain platforms. This architecture allows users to maintain and utilize digital assets in ways that integrate with traditional financial ecosystems.
Visa’s extensive global presence provides WeFi with connectivity to a payment ecosystem utilized by individuals and merchants across more than 200 nations. The partnership layers compliant infrastructure onto WeFi’s blockchain-native offerings.
Collins stated that the objective is to deliver comprehensive banking account functionality without requiring access to traditional banking institutions. WeFi plans to issue IBANs as the platform expands.
Neither company revealed the financial details of their agreement. The partnership was announced on April 28, 2026.
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