Visa company and excellent plan with XLM

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Financial services giant Visa, the Stellar Development Foundation and the payments technology company Circle have partnered with California-based financial technology firm Tala to boost the adoption of cryptocurrency in emerging markets, according to an announcement released today May 5th.

Mr. Shivani Siroya, CEO of Tala, stated that cryptocurrencies have the potential to solve the problem of financial inclusion, adding:

We couldn't be more excited because VISA, CIRCLE and Stellar share our vision and we want to work on a workable solution, not only for TALA's 6 million global customers but also for billions of others who can benefit as well.

Through the new partnership, Tala clients will be able to use Stabilized Currency (USDC) to make cross-border payments and buy other digital currencies.

Visa will also issue cards allowing USDC to be spent at tens of millions of supported merchants.

Small loans for non-bankers:

According to data provided by the World Bank, more than 1.7 billion adults worldwide remain without an account.

Tala was launched in 2014 to offer microloans without collateral to people who do not have access to a bank account, in countries such as Tanzania, Mexico, Kenya and India.

During these years, the company loaned money to more than four million customers.

Instead of credit history, Tala relies on mobile phone usage data (SMS receipts, call length, etc.) to determine the level of risk with the help of its machine learning algorithms.

It usually takes only a minute for a loan to be approved.

In 2019, Tala’s valuation rose to $ 750 million after the conclusion of a $ 110 million financing round, in which PayPal was among the participants.

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Hi dear friend @hawk-eye

Visa will also issue cards allowing USDC to be spent at tens of millions of supported merchants.

This is great news, a platform like visa can help the crypto world a lot, I already want my card, this will help millions of people who do not have access to the banking system
regards

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