The two biggest payment companies in the world are not concerned about a potential threat to their business model from stablecoins.

In the companies’ latest earnings calls, executives from Visa and Mastercard – which handle $13.2 trillion and $8 trillion in payments globally per year, respectively – signaled that the giants were ready to embrace rather than fight stablecoins.

Says Visa CEO Ryan McInerney,

“…Stablecoins could enable us to have faster cross-border transactions. By the way, that’s true for consumers or for businesses. And we’ve been testing that out and having some good results. We’ve been testing a series of corridors and putting stablecoins to work directly versus the fiat currency money movement options that we’re able to deliver to our clients and their users today…

I do think, as I said in my prepared remarks, that there is real product market fit for stablecoins in remittances for certain corridors. And as the largest money movement platform around the world, we’re going to be an early adopter of a lot of those things on behalf of our clients and their end users.”

And in Mastercard’s Q2 earnings call, CEO Michael Miebach also suggested that stablecoins weren’t so much of a threat to the company, but an asset to augment its services.

“And as to stablecoins, we see this as another currency. We also see it as additive to the network with opportunities for us to provide the on and off ramps from fiat to stablecoin to partner with [ advice ] and wallets to bring interoperability, bring relevant services, bring global reach and trust to the specific use cases. With new technologies, we always embrace innovation.”

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The Open Network (TON) Foundation’s golden visa slip-up in the United Arab Emirates (UAE) highlights the need for legal compliance and proper review, a local lawyer said.

A premature announcement about TON’s UAE golden visa aimed to benefit the community but ran into complex local crypto rules, according to NeosLegal founder Irina Heaver.

With five regulators overseeing crypto asset service providers’ (CASP) activity in the UAE and strict marketing rules by Dubai’s Virtual Assets Regulatory Authority (VARA), ensuring local compliance requires proper legal assessment.

“Even with support from local government officials, you still must promote crypto deals in full alignment with the federal and local laws,” Heaver told Cointelegraph, adding that CASP-regulated activities like staking and token-related offers require specific attention.

TON’s Golden Visa incident: the timeline of events

The TON Foundation announced a program on Saturday, a Toncoin (TON) staking opportunity that claimed to offer golden visas for holders to enter the UAE.

A group of UAE regulators promptly denied the news on Sunday, issuing a joint statement that golden visas are not issued to digital asset holders. VARA highlighted that the company behind TON was neither licensed nor regulated by the agency.

In the now-deleted announcement, TON said it was offering to secure a “10-year Golden Visa with a one-time $35,000 processing fee” in addition to staking $100,000 in Toncoin for three years.

The foundation has since clarified that the announcement was premature and that it is working with a licensed partner independently. The company did not immediately respond to requests for comment.

Telegram CEO Pavel Durov had amplified the post by retweeting crypto influencer Ash Crypto’s claim that “TON has just partnered with the UAE,” though Durov deleted the tweet a day later.

“TON has just partnered with the UAE to offer a 10-year Golden Visa to TON stakers,” said the now-deleted X post by Ash Crypto, which was retweeted by Durov.

The retweeted post was live until Monday at 1:00 pm UTC at least, and then deleted by Durov. The original post remained live on Ash Crypto as of Tuesday at 10:00 am UTC.

Early warnings from CZ

Some prominent figures in the crypto community, including former Binance CEO Changpeng Zhao, were quick to question the credibility of TON’s announcement.

“Is this real?” CZ asked X in response to the announcement. “It would be awesome IF it is true. But I got conflicting info so far,” he said on Saturday.

CZ specifically referred to the lack of official information from government authorities related to the program, calling on the community to verify sources, no matter how reputable they are.

Related: Pavel Durov warns France is experiencing societal collapse

Despite early warnings, TON’s golden visa announcement generated significant excitement within the community, prompting a sharp price rally on Saturday, followed by a sell-off after UAE authorities denied involvement.

Legal reviews “can save millions of fines”

Despite the initial enthusiasm, the UAE’s swift denial turned the TON announcement into a cautionary tale. Legal experts said it’s a reminder that hype-driven announcements in the crypto space can backfire when not properly vetted.

“In a fast-moving space like ours, it’s tempting to prioritize hype and own Twitter feed for a day, but in the UAE, the laws are already well-established,” Heaver said.

“It takes a knowledgeable crypto lawyer just two to three hours to review marketing materials and flag potential issues, and that quick check can save weeks of regulatory headaches and millions of dirhams in fines,” she said, adding:

“It’s a reminder that legal review isn’t a blocker — it’s a builder of sustainable growth.”

VARA declined to comment any further on the incident to Cointelegraph, referring to the joint announcement posted on Sunday.

Magazine: Dogecoin set for rebound? Ripple eyes US banking license: Hodler’s Digest, June 29 – July 5

]]> https://earlybirdsinvest.com/tons-uae-golden-visa-mishap-shows-why-legal-reviews-matter/feed/ 0 46446 https://earlybirdsinvest.com/ton-offers-uae-golden-visa-for-stakers-making-residency-by-crypto-a-reality/ https://earlybirdsinvest.com/ton-offers-uae-golden-visa-for-stakers-making-residency-by-crypto-a-reality/#respond Sun, 06 Jul 2025 19:16:16 +0000 https://earlybirdsinvest.com/ton-offers-uae-golden-visa-for-stakers-making-residency-by-crypto-a-reality/

Telegram’s Open Network (TON) today announced an interesting initiative: a 10-year UAE Golden Visa to investors who stake $100,000 worth of Toncoin (TON) for three years. The program dramatically lowers the entry threshold for residency in the United Arab Emirates and is the first of its kind within the crypto space.

How the TON golden visa works

Under the new scheme, applicants must stake at least $100,000 in TON tokens for three years through a decentralized smart contract on the TON blockchain. The process is fully transparent and verifiable, ensuring that investors retain control of their funds throughout the lock-up period. It should be noted that, in addition to the staking requirement, there is a one-time government processing fee of $35,000.

Successful applicants and their immediate family members, including spouses, children, and parents, are granted a 10-year renewable UAE Golden Visa, allowing them to live, work, and invest in the country. The entire process can be completed in under seven weeks, which represents a significant improvement over traditional routes that often require at least $540,000 in illiquid assets and lengthier processing times.

Stakers also benefit financially: the program offers an estimated 3–4% annual yield on the staked TON during the three years, and all funds are fully unlocked at the end of the term, regardless of market conditions.

Community reactions and social buzz

The announcement generated significant excitement in the crypto community, which has increasingly been eyeing the UAE, and Dubai, in particular, as the up-and-coming crypto capital of the world. Ash Crypto tweeted:

“Breaking: TON has just partnered with UAE to offer 10 year golden visa to TON stakers. – Stake $100,000 $TON for 3 years – 10 years Dubai golden visa”

CEO of the TON Foundation, Max Crown enthused:

“Big News! Toncoin has just launched a groundbreaking initiative, offering TON holders the exclusive chance to secure a 10-year Golden Visa.”

Why Dubai? Crypto adoption and global appeal

Dubai and the UAE have rapidly become a global hub for digital assets, thanks to progressive regulation, tax incentives, and a thriving blockchain ecosystem. The country’s recent move to exempt crypto transactions from the 5% value-added tax, effective retroactively from January 2018, further cements its appeal for crypto entrepreneurs and investors.

The UAE’s regulatory clarity, driven by authorities like the Virtual Assets Regulatory Authority (VARA), and its proactive approach to innovation have attracted major crypto firms, including Binance, Crypto.com, and Bybit.

As CryptoSlate recently reported, Dubai’s combination of clear rules, government engagement, and high-profile blockchain events has made it a magnet for top crypto companies and talent from around the world.

A new era for residency by crypto

TON’s Golden Visa program is an ambitious move in crypto-to-real-world integration, lowering the financial barrier to long-term UAE residency and offering a transparent, blockchain-based process that opens the doors for a new class of global digital nomads and investors.

As the UAE continues to position itself as a leader in blockchain and digital assets, initiatives like this are likely to further accelerate crypto adoption.

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Payment giants Visa and Mastercard are reportedly gearing up to fend off a quarter-trillion-dollar threat against their business models.

Bloomberg reports that executives at the two companies – which are a combined $1.1 trillion in market capitalization – are preparing for the continued rise of stablecoins, which drastically lower the cost of everyday transactions for both giants’ customers.

Jack Forestell, chief product and strategy officer at Visa, says that in prior disruptions, such as mobile wallets and buy-now-pay-later apps, corporate adaptation ultimately prevailed.

“We’ve been tokenizing access to value for a very long time now… Now the value that underlies that token, by and large, is either bank accounts or credit lines, debit and credit cards, but there’s absolutely no reason that can’t be a stablecoin or another cryptocurrency…

When you’re crypto natives, you can send money back and forth, but if you want to use that in a broad scale manner for your everyday purposes, you need that hyperscale connectivity, and we provide the best onramp to that.”

And Jorn Lambert, chief product officer at Mastercard, says that the rise of stablecoins more so represents new “opportunities” rather than a threat of replacement.

“We shouldn’t assume that overnight, stablecoins will replace existing card payments or fiat… We think this is much more about new use cases and new opportunities than about replacing the existing system, especially in remittances, disbursements and business-to-business payments.”

According to data from CoinGecko, the current market cap of all stablecoins in circulation is over $255 billion.

According to last month’s report from The Wall Street Journal, anonymous people familiar with the matter said that some of the world’s largest retailers are considering issuing their very own dollar-pegged crypto assets in the US in an effort to save billions of dollars in transaction fees.

Walmart, Amazon, Expedia and unnamed airline companies were among those listed in the WSJ report.

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In the latest news from Africa Crypto News, Visa is partnering with Yellow Card as Empowa expands to Nigeria. South African crypto players are calling for reforms to unlock tax revenue.

Blockchain housing startup Enkova has expanded its presence in the Nigerian market after partnering with local players in the housing sector.

Meanwhile, international credit card company Visa is partnering with Yellow Cards to expand its reach in Africa and other continents.

In South Africa, crypto stakeholders have reinforced the demand for reforms in the classification of crypto assets.

Explore the headlines for these continents below.

Kenya Crypto News: Empova expands to Nigeria

Blockchain housing finance platform Enkowa enter Nigerian market. This expansion was made possible through partnerships with Nigerian housing finance platform Propay and other cooperative companies across the country.

https://www.youtube.com/watch?v=qgjh5uejbqu

Empova initially relied on a model that was launched in Mozambique and was tokenized to sell the home. The platform is currently moving to partnering with institutional investors and banks to fund housing initiatives.

Instead of holding cash in the bank, investors can purchase EMP tokens and maintain full access to their balances.

EMP token holders have an on-chain profile that can be used by banks and other players in the housing market for a variety of funding options.

This model connects real estate investors with potential institutional funders in ways traditional banks cannot.

Explore: 9+ Best High Risk, High Reward Crypto Buy in June 2025

African Crypto News: Visa is holding hands with yellow cards

Visa, a global card payments company, is expanding its Stablecoin business in Africa, Europe and the Middle East.

To expand their reach in Africa, they got the popular payment platform Yellow Card.

Just in case you miss it! Announced a partnership with @visa in #VPFCEMEA2025!

We team up to explore Stablecoin use cases with a focus on streamlining our financial processes and enhancing liquidity management.

Read more: https://t.co/dkofha4qbl pic.twitter.com/nhnv04pxfy

– Yellow Card (@yellowcard_app) June 19, 2025

This partnership allows Visa to participate in a new international payment paradigm of borderless payments.

Stablecoins are the fundamental elements of Crypto Trading, and coins like USDC can allow traders to manage volatility when dealing with some The best cipher to buy.

Visa leverages a robust global infrastructure and aims to benefit from an increase in crypto activity across the continent.

24 hours7d30D1Yeverytime

Explore: Best New Cryptocurrencies to Invest in 2025

South Africa’s Crypto News: Reforms to Unlock More Crypto Tax Revenues

South African crypto stakeholders have Enhancement A demand for regulatory reforms to classify crypto as a land assets.

Africa’s general manager, Marius Leitz, claims that regulatory uncertainty has caused the country to lose more than R500 million in crypto revenue.

Similarly, Frank Leodette, founder of Crypto Exchange Afridax, noted that a clear classification of Crypto assets would allow the release of products such as Exchange-Traded Funds (ETFS) into the South African market.

https://www.youtube.com/watch?v=iebj6pg7zqk

This refinement allows institutional investors to fully participate in the sector. This then increases the reliability of the crypto, resulting in several capital flows. Best Meme Coin ICO.

These are not the first requests for regulators to modernize the country’s cryptographic laws. A high court judge recently pointed out that South Africa still relies on apartheid-era laws to regulate modern industry. This coordinated effort should lead lawmakers to action to ensure regulatory clarity in this market.

Discover: Best New Cryptocurrencies to Invest in 2025 – Top New Cryptocoins

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“Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security, authentication, authorization, fraud detection and the impact on the shopping experience work in harmony with one another,” said Cindy Turner, chief product officer at Worldpay. “For example, false positive declines of good faith purchases and additional steps in the checkout process present serious challenges to fraud mitigation strategies. This is why we partner with card networks like Visa to enhance authorizations – at the end of the day, it helps merchants achieve the highest standards of security while improving the overall customer experience.”

Worldpay research shows more than half (55%) of U.S. consumers abandon a transaction if it takes multiple tries to complete, demonstrating the importance of ensuring that a valid payment goes through on the first try. 3DS Flex boosts authorization rates and reduces extra authentication steps while maintaining heightened levels of security.

“With 3DS Flex, Worldpay is helping facilitate next-level collaboration between issuers and acquirers on the Visa network,” said Kirk Stuart, SVP and head of enablers, merchants and fintechs at Visa. “This game-changing innovation will help make transactions more secure and improve the customer experience – while also increasing merchant sales, or authorization rates. This is an exciting development for the payments ecosystem.”

The post Worldpay and Visa Join Forces to Boost Authorizations, Enhance Shopper Experience appeared first on FF News | Fintech Finance.