Preparing For Massive Upcoming Crypto Adoption - Visa & Tala.

Preparing For Massive Upcoming Crypto Adoption - Visa & Tala.

2021-05-05 | Robin Williams

Preparing For Massive Upcoming Crypto Adoption - Visa & Tala.

Visa has partnered with fintech startup Tala to drive massive upcoming cryptocurrency adoption for underbanked users in emerging markets. The companies will begin by offering access to USD Coin [USDC, -0.01%], the Ethereum-based stablecoin backed by the USD, consistent with an official announcement Wednesday. Visa collaborating with USDC operator Circle and therefore the Stellar Development Foundation, Tala will offer access to USDC via its digital wallet. Visa’ involvement will give Tala the power to issue payment cards associated with the wallet. Tala is a California-based startup that claims it's provided over $2 Bln in credit to over 6 Mln users in countries like Mexico, the Philippines, Kenya, and India within the sort of microloans. The company has raised over $200 Mln in crowdfunding, including a $110 Mln Series D held earlier in August 2019, with PayPal among its backers.

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