BankAmericard (1958)
Bank of America launched the first general-purpose credit card in Fresno, California, mailing 60,000 cards to residents. It started as one bank's product and grew into a global network.
The card grew slowly at first, with merchants hesitant to accept it and fraud a persistent problem.
BankAmericard became Visa, one of the world's largest payment networks, proving a single bank's innovation could become industry infrastructure.
SoFiUSD starts as one bank's settlement tool, but Galileo could extend it to other banks, similar to how BankAmericard expanded from one bank to a global network.
