Core Insights - Visa is exploring the potential launch of its own stablecoin as part of its broader strategy in the stablecoin market [2][3] - Analysts view stablecoins as an opportunity for Visa rather than a threat, as they could provide cheaper payment options compared to traditional card fees [2] - Visa aims to facilitate the mainstream adoption of stablecoins by leveraging its existing infrastructure to connect merchants and consumers [3] Group 1: Visa's Strategy and Market Position - Visa's head of cryptocurrency, Cuy Sheffield, emphasized that stablecoins represent a new mechanism for value exchange and could significantly expand Visa's addressable market [2] - The company is actively investing in stablecoin initiatives, recognizing the growing use of stablecoins for saving and spending [4] - Visa is piloting partnerships with stablecoin companies to enhance its settlement capabilities and improve cross-border transaction efficiency [5] Group 2: Industry Trends and Future Outlook - The stablecoin market is evolving, with companies partnering with traditional financial institutions to reshape money movement and value storage [6] - Visa's CEO, Ryan McInerney, highlighted the importance of Visa crypto cards in enabling consumers and businesses to spend stablecoins effectively [4] - There is a strong indication that stablecoins are integrating into the larger financial system despite existing logistical and regulatory challenges [5]

🚨JUST IN: @STRIPE TEAMS UP WITH @PARADIGM TO BUILD PAYMENTS BLOCKCHAIN "TEMPO" ~ COINDESK ...

Blockchain & Payments - Stripe plans to build a payments blockchain named 'Tempo' [1] - Paradigm is involved in the development of 'Tempo' [1]

Financial Data and Key Metrics Changes - In Q2 2025, revenue was $75.6 million, representing a 1% year-over-year increase [17] - Reported gross profit declined by 2% year-over-year, impacted by approximately five points from client losses and one point from political media contributions [17] - Adjusted EBITDA was $31.8 million, reflecting a 42% adjusted EBITDA margin, with free cash flow of $22.6 million and a 71% free cash flow conversion [19][20] Business Line Data and Key Metrics Changes - Consumer Payments segment showed flat gross profit year-over-year, with improvements expected as client losses are lapped [18] - Business Payments segment reported a 5% year-over-year decline in gross profit, but normalized gross profit increased approximately 1% when excluding political media contributions [18] - The total supplier network grew by 47% year-over-year to over 440,000 suppliers, indicating strong growth in the Business Payments segment [13] Market Data and Key Metrics Changes - The financial institution vertical onboarded 10 new credit union clients, increasing the total credit union client base to 353 [10] - The company is experiencing sustainable bookings growth across its consumer verticals, supported by a healthy sales pipeline with 185 software partners [8] Company Strategy and Development Direction - The core growth strategy focuses on optimizing payment flows and embedding payment technology into software platforms [5] - The company is prioritizing organic growth investments and maintaining a strong balance sheet while preparing for the maturity of convertible notes in 2026 [15][20] - Strategic tuck-in M&A opportunities are being considered to enhance growth potential, particularly in consumer and business payments [15][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high single-digit to low double-digit normalized gross profit growth in Q4 2025, driven by sequential improvements [15][25] - The company is focused on reaccelerating growth and enhancing operational excellence as it moves through 2025 and into 2026 [60] Other Important Information - The company repurchased approximately 5% of its outstanding shares, totaling $38 million year-to-date [14][20] - Robert Houser has been appointed as the new Chief Financial Officer, effective September 8 [16] Q&A Session Summary Question: Guidance for the second half of the year - Management expects sequential improvement in growth, with confidence in achieving high single-digit to low double-digit normalized growth in Q4 [25] Question: Capital management priorities regarding convertible notes - The company will prioritize cash allocation towards the convertible notes due in February 2026, while also considering the use of revolver capacity [27] Question: Strategic tuck-in M&A opportunities - Management is open to strategic acquisitions that align with their existing verticals in consumer and business payments [30] Question: Moving upmarket into larger customers - The company is investing in enterprise sales and enhancing its direct sales model to target larger customers within existing verticals [38] Question: Update on mortgage payments market - There is positive traction in the mortgage payments market, but it is not expected to be a significant contributor in 2025 [40] Question: Update on RCS partnership with POS provider - No significant updates, but the relationship is viewed positively with ongoing implementations [43] Question: Mix between AR and AP in the B2B segment - The mix is approximately 60% AR and 40% AP [46] Question: Consumer payments softness - Management noted challenges in the auto segment but sees resilient trends overall, with no significant impacts from tariffs [50]

Global markets are moving onchain, and Africa isn’t left out.From tokenizing the $2.7T agriculture industry to redefining payments on Solana, meet the products building the future of the internet across the continent.A guest thread by @harri_obi 🧵 https://t.co/bqejFt5cIU ...

Group 1 - The core viewpoint is that PayPal is actively reshaping its business model to capture higher-margin opportunities despite being perceived as a declining player in the payments industry [1] - The market currently overlooks PayPal, considering it overshadowed by new fintech companies and embedded wallets [1] - The analysis emphasizes the importance of understanding investor behavior and market sentiment, which can lead to mispricing and create breakout opportunities [1] Group 2 - The approach taken by Pythia Research combines financial analysis with behavioral finance and alternative metrics to identify high-potential stocks, particularly in the technology sector [1] - The research process focuses on identifying early signs of growth, such as shifts in narrative and user adoption, which can precede significant market movements [1] - The investment strategy prioritizes high conviction plays with a favorable risk/reward profile, aiming for limited downside and explosive upside potential [1]

Core Insights - Shift4 Payments recently released its earnings for the second quarter of FY 2025, indicating ongoing interest in the company's financial performance [1]. Company Overview - Shift4 Payments is focused on capital appreciation opportunities, including high-quality undervalued companies and those growing at a high rate [1]. Investment Strategy - The company also invests in dividend-paying stocks, provided they are good companies and correctly priced [1].

Core Insights - Visa Inc. reported strong quarterly performance in Q3 of fiscal 2025, driven by resilient consumer spending and growth in cross-border transactions [1][4] - The stock has seen a 5.5% decline since the earnings report, raising questions about the sustainability of its growth [2] Financial Performance - Visa's EPS reached $2.98, exceeding estimates by 4.2% and reflecting a year-over-year growth of 23.1% [2][8] - Total revenue for the quarter was $10.2 billion, surpassing consensus estimates by 3.1% and increasing 14.3% year over year [2][8] - Processed transactions grew by 10% year over year to 65.4 billion, while cross-border volumes surged 12% [3][8] Business Resilience - Despite macroeconomic challenges, Visa's transaction-based model has maintained resilience, showing less dependence on specific spending categories [4] - The company continues to invest in infrastructure and innovation, reinforcing its competitive advantage [5] Shareholder Returns - Visa returned $6 billion to shareholders in the quarter, including $4.8 billion in share repurchases and $1.2 billion in dividends [6][8] - The dividend yield stands at 0.71%, above the industry average of 0.65% [6] Growth Estimates - Analyst estimates for Visa's EPS suggest a year-over-year increase of 13.6% for fiscal 2025 and 12.4% for fiscal 2026 [7] - Revenue estimates indicate a 10.8% increase for fiscal 2025 and 10.9% for fiscal 2026 [7] Innovation and Diversification - Visa's value-added services generated $2.8 billion in Q3 revenues, up 26% year over year [9] - The company is advancing in digital wallets and crypto-related payment solutions through partnerships and stablecoin trials [9][10] Market Position and Valuation - Visa's shares are up 5.1% year to date, outperforming the industry but lagging behind the S&P 500 [11] - The stock trades at a forward price/earnings ratio of 26.28, higher than the industry average of 21.37 [13] Challenges Ahead - Regulatory challenges include an antitrust lawsuit and potential legislative changes affecting the credit card industry [16] - Rising operating expenses increased by 13% year over year to $3.3 billion, driven by higher costs [17]

在不久的将来，双币钱包将成为B2B跨境贸易支付领域的新标 配，即越来越多服务机构都会向B2B跨境贸易企业提供法币 +稳定币的双币钱包，由企业根据自身贸易特点、资金到账时 效与费率成本要求，自行选择法币或稳定币开展跨境支付。 作者：陈植 封图：图虫创意 稳定币的迅速兴起，将给B2B跨境贸易支付领域带来多大的变革，备受金融业界关注。 相比传统贸易资金结算的低时效（平均3—5个工作日）与高费率（最高达5%手续费），稳定币通 过区块链的分布式账本技术架构，有望实现秒级到账与极低费率，从而成为全球企业开展B2B跨境 贸易结算的新选择。 加密数字货币交易平台XBIT数据显示，2024年2月—2025年2月期间，稳定币在全球B2B跨境贸易 交易领域的应用规模已呈现迅猛增长，同比增幅高达4倍。区块链支付机构BVNK发布的数据显 示，目前他们年处理的稳定币支付额约为150亿美元，其中一半来自B2B贸易收付款。 B2B外贸金融平台XTransfer创始人兼CEO邓国标已感受到海外企业对稳定币跨境贸易支付的浓厚 兴趣。 "近期我们对海外企业用户开展市场调研发现，越来越多海外企业愿意尝试使用稳定币开展跨境贸 易收付款。"他接受本报记 ...

[Music] Welcome back to fast money and earnings alert on block spiking after hours. The payments company missing top and bottom line estimates but boosting fullear guidance. It's conference calls underway.CNBC's Mackenzie Sagala is following the action. Hey Mac. Hey Mel.So Block shares popping as much as 11% in the after hours though it is pairing those gains now but it shows that investors are clearly willing to forgive that Q2 miss on earnings thanks to the company's outlook for the back half of the year. ...