Visa and ADI Foundation Explore Blockchain for Digital Payments

Visa has teamed up with the Abu Dhabi-based ADI Foundation to explore how blockchain technology can integrate with its global payment network. The partnership aims to assess new digital payment and digital asset transaction systems, focusing on infrastructure that supports stablecoins and real-world assets in the Middle East and North Africa (MENA) region.

The collaboration follows a Memorandum of Cooperation and remains exploratory, with no specific blockchain, stablecoin, product, or launch date announced. ADI Foundation's infrastructure is designed for institutional blockchain adoption, emphasizing policy compliance and interoperability with existing financial networks.

Visa’s senior vice president and global head of money movement, Vira Platonova, highlighted the evolving nature of money movement, stating that the partnership would explore opportunities for businesses, consumers, and the payments sector by combining Visa’s payments expertise with ADI’s blockchain infrastructure.

ADI Foundation Chief Business Officer Svyatoslav Senyuta noted that the next stage of digital finance would depend on infrastructure capable of working with institutions that already move money globally. The agreement builds on Visa’s recent blockchain payment and settlement projects, including a pilot with Lloyds using USDC for settlement and partnerships in Asia with Shinhan Financial Group and Dunamu.