Preparing For Massive Upcoming Crypto Adoption - Visa & Tala.
2021-05-05 | Robin Williams
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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