Quantoz gains Visa nod to issue stablecoin-linked debit cards in Europe

The Dutch electronic money issuer will act as a BIN sponsor for fintech partners, linking regulated dollar- and euro-denominated tokens to mainstream card rails.

Dutch payments company Quantoz Payments has become a principal member of Visa, enabling it to issue virtual debit cards backed by its regulated e-money tokens and sponsor third-party fintechs seeking to offer stablecoin-linked payment products across Europe.

Under the agreement, Quantoz will be able to issue Visa-branded virtual cards tied to balances held in its USDQ, EURQ and EURD e-money tokens, allowing users to spend those funds online, in stores and through mobile wallets.

The company will also act as a BIN sponsor, enabling fintech partners to embed card issuance directly into their platforms.

Read more