Revolutionizing Global Payments: RAIN’s Innovative Approach

RAIN, a global card issuance platform specializing in stable cryptocurrencies, is spearheading a transformative shift in the financial landscape. By leveraging blockchain technology, RAIN is enabling continuous, around-the-clock settlements, marking a important leap forward in onchain finance.

Visa Pilot Program: A Milestone for Stablecoin Adoption

RAIN’s participation in Visa’s pilot program for stable cryptocurrency settlements signifies a major step towards mainstream adoption. The company has successfully tokenized its credit card receivables and streamlined the settlement process for its USDC Visa cards, facilitating 24/7/365 liquidity.

This move addresses a critical need in the financial sector, where traditional banking schedules often impede the speed and efficiency of transactions. With real-time payments becoming increasingly crucial in today’s global economy, RAIN’s solution offers a compelling alternative.

Unlocking Efficiencies with Tokenized Accounts Receivable

RAIN’s platform has fully tokenized its credit card accounts receivable, enhancing capital management efficiency and openness. This capability empowers fintech companies to accelerate product launches and provides consumers with seamless, interoperable payment experiences worldwide.

The technology Behind the revolution: RAIN’s Liquidation System

At the heart of RAIN’s innovation lies its patented liquidation system, which seamlessly integrates onchain authorization and settlement logic. This technology enables interoperability between Visa’s network and stable cryptocurrencies across multiple blockchains.

Here’s how it works: When a user makes a purchase with a RAIN-issued Visa card,Visa settles with the acquiring merchant as usual. though, RAIN leverages stablecoins to facilitate network settlement 24/7/365, eliminating the constraints of traditional banking hours.

Expanding Credit Access Through Stablecoin-Based financing

RAIN is also pioneering closed-loop credit card financing using stable cryptocurrencies. By collaborating with a network of capital partners,RAIN borrows stablecoins to facilitate credit card charge settlements. This approach reduces the overall cost of capital for consumer and B2B credit programs while providing lenders with enhanced security and programmatic payments via smart contracts.

This innovative financing model has the potential to democratize access to credit in underserved financial markets,while also improving operational and capital efficiencies for RAIN and its partner programs. According to a recent World Bank report, an estimated 1.4 billion adults worldwide remain unbanked, highlighting the urgent need for innovative solutions to expand financial inclusion.

Executive Insights

by participating in the Visa USDC liquidation program, we can now make liquidations 7 days a week, 365 days a year, and operate outside the traditional banking schedule. The USDC settlement allows us to be more efficient in terms of capital, which helps reduce the need for guarantees.
faraq Malik, RAIN Executive and Co-founder Director

Moving money across borders has always been complex, but blockchain technology and stable cryptocurrencies are helping to change that. our work with Rain to help carry Ochain payments and allow liquidation in seven days is a great step to help simplify world payments.
Rubail Birwadker, Head of Growth Products and Visa Associations

The Future of Finance: Onchain Credit and Beyond

RAIN is committed to exploring new avenues for enhancing the utility of stable cryptocurrencies, including self-reliant liquidation systems and blockchain-based permissions, paving the way for fully onchain credit solutions. The company envisions a more efficient, transparent, and accessible financial ecosystem that reduces working capital, minimizes fraud, and drives operational improvements.

RAIN’s Role as a Visa Principal Member

As a Visa principal member, RAIN facilitates seamless payment solutions at over 150 million Visa-accepting merchants worldwide. By integrating blockchain technology with traditional financial systems, RAIN is making digital assets interoperable for everyday use cases.

About RAIN

RAIN is a global card issuance platform powered by stable cryptocurrencies. Founded in 2021 by Faraq Malik and Charles Naut, the company sponsors and manages card programs in various markets as a Visa principal member.RAIN is backed by prominent investors, including Norwest Venture Partners, Lightspeed Venture Partners, and Coinbase Ventures.