Visa in talks to acquire crypto custody firm Fireblocks for $3B

Visa: Visa operates a global payments network that enables electronic transactions between consumers, merchants, and financial institutions. The company has been expanding its role in digital assets by developing solutions to integrate crypto and stablecoins into everyday spending. The potential acquisition of Fireblocks would strengthen its capabilities in secure crypto custody and infrastructure. Fireblocks: Fireblocks provides enterprise-grade infrastructure for securing, transferring, and managing digital assets including cryptocurrencies and stablecoins. It focuses on custody and operational tools used by financial institutions and payment providers. The firm is currently in reported talks with Visa regarding a potential acquisition that could expand its reach into mainstream payment systems. Crypto Payments Expansion: Visa has pursued multiple partnerships to enable spending of crypto and stablecoin balances directly through its merchant network without separate cards or conversions. Stablecoin Infrastructure: Fireblocks has extended collaborations with payment processors to support stablecoin-funded card programs, connecting digital asset tools with traditional issuing platforms.