PlayIconNav
BTC
$55,155.48+2.15%
ETH
$2,322.25+2.34%
BNB
$506.06+2.75%
SOL
$131.27+3.37%
XRP
$0.53076912+1.13%
DOGE
$0.09680675+1.69%
CD20
$1,757.54+1.86%
TRX
$0.15332373+1.13%
TON
$4.94+6.61%
ADA
$0.33996002+4.82%
AVAX
$23.50+8.22%
WBTC
$55,164.66+2.18%
Ad
Markets

Visa, Circle Team Up With Fintech Firm to Drive Crypto Adoption in Emerging Markets

Fintech startup Tala aims to use the USDC stablecoin to offer new financial tools.

By Jamie Crawley
AccessTimeIconMay 5, 2021 at 2:13 p.m. UTC
Updated Sep 14, 2021 at 12:51 p.m. UTC
(HFA_Illustrations/Shutterstock)
(HFA_Illustrations/Shutterstock)

Visa has partnered with fintech startup Tala to drive crypto adoption for underbanked customers in emerging markets.

  • The companies will begin by providing access to USD coin (USDC), the stablecoin backed by the U.S. dollar, according to an announcement Wednesday.
  • Collaborating with USDC operator Circle and the Stellar Development Foundation, Tala will provide access to USDC via its digital wallet.
  • Visa’s involvement will give Tala the ability to issue payment cards linked to the wallet.
  • Tala is a California-based startup that says it has provided over $2 billion in credit to over 6 million customers in countries such as Mexico, the Philippines, Kenya and India in the form of micro-loans.
  • The company has raised over $200 million in funding, including a $110 million Series D in August 2019, with PayPal among its backers. 
  • Visa confirmed the partnership when contacted by CoinDesk.

See also: Visa Settles USDC Transaction on Ethereum, Plans Rollout to Partners

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.