HomeDeFi & CryptoAPI-based card programs address cross-border payment friction

API-based card programs address cross-border payment friction

Businesses can issue cards where transactions occur, fund programs with stablecoins, and manage spending through API-based controls

The operational challenge

  • A single-API integration for configuring card programs, managing card lifecycles and applying program controls.
  • Local bank identification numbers obtained through financial-institution partnerships, enabling issuance in the market where transactions occur.
  • Commercial and consumer card programs, with virtual and physical cards and support for mobile wallets.
  • Program-level settlement in USDT, USDC and Open USD, allowing businesses to fund cards from stablecoin balances while cardholders spend in local currency.
  • On-chain screening before deposits become spendable, with direct exposure to high-risk sources declined and indirect links held for review.
  • Auditable compliance records, know-your-business checks and partner reviews before account activation.
  • Batch card issuance and granular budget controls for advertising accounts, teams, campaigns, purchasing, travel and general expenses.

Intended outcome

By issuing locally, businesses aim to reduce cross-border and foreign-exchange costs while improving merchant approval rates. The approach also separates treasury funding in stablecoins from consumer-facing spending in fiat currency, giving finance teams a single settlement layer while cardholders retain conventional card acceptance.

According to Ray Yang, co-founder and CEO, WasabiCard, the platform involved: “Global expansion has often meant issuing cards in one market and hoping the same model works everywhere else. That can create friction around compliance, card acceptance, and costs. Our (solution) gives businesses the flexibility to issue natively in regional markets, settle in stablecoins, and deliver familiar branded experiences to end-users.”

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