Visa Inc (V) Announces a Breakthrough Pilot at Web Summit

​Visa Inc. (NYSE:V) is one of the Most Profitable Stocks to Buy Now. On November 12, Visa Inc. (NYSE:V) announced a breakthrough pilot at Web Summit that allows businesses and platforms to send out payouts directly to recipients’ stable coin wallets.

​The pilot allows creators and gig workers a faster way to access funds by bypassing traditional banking delays. Moreover, businesses using Visa Direct can fund payouts in fiat currency, while recipients can opt to receive funds in stable coins, specifically USD-backed stable coins like USDC. The program is currently in the onboarding stage with select partners; Visa Inc. (NYSE:V) expects wider access in 2026.

​In addition, Wall Street remains bullish on the stock since the fiscal Q4 2025 earnings release. Earlier on November 10, Harshita Rawat from Bernstein reiterated a Buy rating on the stock with a price target of $418.

Visa Inc. (NYSE:V) announced results on October 28, with revenue growing 11.51% year-over-year to $10.72 billion, surpassing estimates by $105.86 million. Moreover, the EPS of $2.98 also surpassed estimates by $0.01. Management attributed growth to a 9% year-over-year increase in global payment volume and 11% growth in cross-border volume.

​Visa Inc. (NYSE:V) is an international payment technology company that enables secure and fast money movement and commerce across more than 200 countries.

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Disclosure: None. This article is originally published at Insider Monkey.