BofA Rates Visa Buy, As Hana Card Tests USDC Visa Payments with 5% Cashback
Bank of America reinstated Visa at Buy, citing durable earnings, resilient fee structures and strong cash flow as electronic payments share expands despite policy and macro pressures. Hana Card piloted USDC-funded Visa payments in South Korea offering 5% CRO cashback to foreign tourists under a Circle partnership.
1. BofA Reinstates Visa Coverage
Bank of America reinstated coverage of Visa with a Buy rating, highlighting steady transaction growth and resilient performance despite recent regulatory and macro headwinds.
2. Visa’s Core Strengths Highlighted
Analysts cited durable earnings from expanding digital and cross-border commerce, a resilient fee structure and strong free cash flow supporting the network’s global footprint.
3. Hana Card USDC-Visa Pilot Launch
Hana Card teamed with Circle to pilot USDC-funded Visa payments in South Korea, offering foreign tourists 5% cashback in CRO on all purchases.
4. Implications for Visa’s Payments Network
The stablecoin integration pilot underscores Visa’s push into blockchain-based transactions while BofA’s bullish stance signals a potential entry point after recent share weakness.