Lithic and Lightspark Unite for Global Card Program on Visa Network
Lithic and Lightspark have joined forces to power Lightspark's global card program on the Visa network, using USDC stablecoin settlement rails. The partnership aims to provide a seamless and instant payment experience for users worldwide.
The card program settles in USDC, which is native to Lightspark's platform. This means that account balances are held in stablecoins and converted to local currency at the point of spend. Lithic's Authorization Intelligence underpins the program with a programmable layer that unifies card authorization, device authentication, and fraud controls into a single decisioning system.
Lightspark CEO David Marcus stated, 'We're building payments infrastructure that makes money move instantly and without friction, which means speed is essential.' Lithic's processing capabilities were seen as the perfect match for Lightspark's vision of one of the most ambitious card programs to date.