Visa announced on Tuesday that it has begun testing a new system, which enables businesses to fund cross-border payments using stablecoins instead of pre-depositing cash into local accounts. The pilot, enabled through real-time payments platform Visa Direct, reflects how digital tokens are gaining traction among major financial players. “Cross-border payments have been stuck in outdated systems for far too long,” Chris Newkirk, Visa’s president for commercial & money movement solutions, said in a stateme ...