Will payment giant Visa support stable coins on the Stella (XLM) blockchain?

Is it compatible with Stellar blockchain USDC? It is possible that Visa, a major US payment company, will also support the stable coin “USDC” issued on the blockchain of crypto assets (virtual currency) Stellar (XLM). Visa, which announced in March that it will support USDC on the Ethereum (ETH) blockchain, has now entered into a partnership with Tala, which provides financial services to people who do not have access to banks. A Visa card will be issued in partnership with Tala, which plans services using USDC on the Stella (XLM) blockchain to help people who do not have access to financial services join the crypto economy. The possibilities have been announced. Relation: Stella (XLM) blockchain integrated with Stablecoin USDC completed According to a press release, Tala currently serves more than 6 million users in Mexico, the Philippines, Kenya and India, and has processed over $ 2 billion in remittances so far. Users use Tala’s services when starting or expanding small businesses or paying tuition fees. Tala has raised $ 200 million in funding from companies such as PayPal Ventures in the past. When Tala announced this partnership, it announced that it had partnered not only with Visa, but also with USDC’s affiliate Circle and the Stellar Development Foundation (SDF), which develops the virtual currency Stellar. From now on, four organizations will collaborate to promote Tala’s services. With the new service, Tala’s digital wallet users will be able to use USDC to store assets, transfer money internationally, and exchange fiat currencies and other digital assets. In the future, if Visa cards linked to Tala’s digital wallet can be issued, 70 million stores around the world affiliated with Visa will be able to make payments based on the USDC balance. In this press release, Visa’s head of cryptocurrency division Cuy Sheffield said, “Digital currencies like USDC have the potential to enable payments in more people and places. Benefits of the crypto economy. I am happy to be able to participate in the service for those who need it. “ Relation: “Large-scale cryptocurrency business” US payment giant Visa CEO mentions business plan Author: K. Kobayashi Reference: Tala Images used under Shutterstock license “Cryptocurrency” means “cryptographic assets” About Post Author Miu Lin Miu is a journalism major and has been writing as a business journalist for various dailies before joining OBN. She currently writes about blockchain, cryptocurrencies and business news.