Visa, Circle & Tala Join Forces to Provide Stablecoin Solution for the Underbanked

As the number of underbanked people continues to increase, Tala has partnered with Visa to onboard several individuals who do not have access to basic financial services into the crypto economy.
Announcing the move in a press release yesterday, Tala partnered with Stellar Development Foundation (SDF) and popular stablecoin issuer, Circle, for the project.
Under the initiative, underbanked individuals will be able to buy, sell, and store the USDC stablecoin, “with efforts being made to add other cryptocurrencies,” the announcement reads.
Tala noted that the acquired USDC will be stored in its digital wallet, which would create an easy avenue for easy conversion into other cryptocurrencies or fiats.
With Visa on the team, the unbanked will have access to the payment provider’s credit card, thus giving participants a better way to spend the USDC across the more than 70 million global merchants that accept Visa cards.
Tala Poised on Solving Financial Problems
Commenting on the move,

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