Visa to address memecoin rewards loophole after investigation

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Visa is reportedly closing a loophole in its rewards program that allowed for memecoin sales through Crossmint. This change follows an investigation by The Block and impacts how digital asset rewards integrate with payment networks.

Key facts

• Visa plans to close a rewards program loophole that facilitated memecoin sales via Crossmint.
• The loophole closure is expected next week.
• The Block's investigation brought this issue to light.
• The development affects the integration of digital asset rewards into payment networks.