British Prime Minister Keir Starmer triggered fury Today as he revealed plans for UK digital ID, but are major banks planning to take the British pound (GBP) digital too? Britain’s biggest banks have launched live tests of “tokenized” sterling, digital versions of bank deposits designed for faster and more controlled payments. (Source – GBP USD, TradingView) Six lenders, Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander, are taking part in the pilot, which is being coordinated b ...

America’s first state-issued stablecoin is here.FRNT, formerly known as WYST, is now live on Avalanche and will soon be spendable through @raincards' Visa-integrated platform.Programmable money is becoming real-world money. Here’s why it matters 🧵 ...

Stablecoin Development - America's first state-issued stablecoin, FRNT (formerly WYST), is now live [1] - FRNT operates on the Avalanche blockchain [1] - FRNT will soon be integrated with Raincard's Visa platform for spending [1] Industry Implications - Programmable money is transitioning into real-world applications [1]

Visa's Network and Financial Performance - Visa boasts an unparalleled network with 4.8 billion credentials[8], over 150 million merchant locations[8], and approximately 14,500 financial institutions[8] - The network processes over 300 billion total transactions[8] - Visa has demonstrated strong financial performance, including over 100% Free Cash Flow Conversion[8], over 65% Operating Margin[8], and over 13% EPS CAGR (FY19-FY24)[8] - The company has achieved over 400% 10-Year Shareholder Return[8] Commercial & Money Movement Solutions (CMS) - CMS net revenue has grown at a 22% CAGR from FY21 to FY24[27] - Visa Direct processed approximately 10 billion transactions in FY24[27] - Commercial Payments Volume reached $1.7 trillion in FY24[27] - Visa Direct transactions have grown 6x from 1.6 billion to approximately 10 billion[30], and endpoints have grown 3x from approximately 3.5 billion to over 11 billion[30] Market Opportunity - Visa is targeting a $60 trillion B2B flows and $55 trillion in non-B2B flows[33]