Stellar To Power VISA’s New Partnership
Stellar announced new partnership with VISA. XLM’s price seems to be positively reacting to the increase in USD Coin (USDC) liquidity on top of its blockchain. Additionally, the Stellar Development Foundation (SDF) made a potential groundbreaking announcement.
Alongside VISA, Tala, and Circle, one of the companies behind USDC, the cooperation aims to provide access to digital assets in emerging markets. Initially, Tala will enable unbanked users to access this stablecoin in a digital wallet.
Thus, they will be able to make cross-border transactions and access fiat to crypto services. In addition, Visa will issue cards with funds linked to the wallet. In doing so, these users will have the capacity to spend their crypto balance in over 70 million merchants around the world.
Visa has doubled down on their crypto strategy in 2021 and seems like more integrations are to come. The company is exploring new ways to leverage digital assets in its payment platform.
Stellar Lumen native token XLM seems to be positively reacting to this announcement. In the higher timeframes, the cryptocurrency seems more bullish with a 31.7% and 23.4% rally.