Visa and Tala join forces to increase cryptocurrency adoption

Visa and Tela, the payment giant and financial services provider, respectively, have teamed up to drive the adoption of cryptocurrencies in emerging markets. The collaboration aims to "make it easier for underbanked consumers to convert, store and use cryptocurrencies."

Visa and Tala promote the adoption of cryptocurrencies in emerging markets

Visa and Tala have formed a new partnership "to help underbanked populations participate in the crypto economy," Tala announced Wednesday.

Tala is “a financial technology company with the purpose of enabling and accelerating the financial health of all,” explains its website. The company's Android app "offers instant credit and personalized financial education," the company noted, adding that it has provided more than $ 2 billion in credit to more than 6 million customers in Mexico, the Philippines, Kenya and India.

There are two other partners for the project - Circle and the Stellar Development Foundation - who will “bring the benefits of the digital currency ecosystem to emerging markets,” notes the announcement, adding:

"Tala will explore opportunities to make it easier for underbanked consumers to convert, store and use cryptocurrencies, starting with USDC, the stablecoin governed by the Center Consortium."

The company explained that “Through Tala's integration with Circle and Stellar, Tala's customers will have access to USDC in Tala's digital wallet, enabling secure and stable money storage, fast and convenient cross-border money transfers and a easy exchange with other digital resources or local fiat ".

Additionally, “Tala's partnership with Visa will allow Tala to offer Visa cards linked to Tala's digital wallet, offering customers an easy way to spend their USDC balance at one of the 70 million card-accepting stores worldwide. Visa, ”the company clarified.

How to buy bitcoins by card and PayPal

Visa cryptographer Cuy Sheffield commented: "Digital currencies like USDC have the potential to extend the value of digital payments to more people and places." He has declared:

"We are thrilled to partner with Tala's global team to bring the benefits of the crypto economy to the populations who need it most."

So today it gets even simpler buy Bitcoin with PayPal or credit card, through Tala. Those who do not have an account can open it immediately and completely free of charge, simply by downloading the application. 

Recall that there are two main ways to get cryptocurrencies:

• Purchase them on an exchange
• Receive payments on an electronic wallet

Once purchased, you can either keep them in your electronic wallet, or use the eWallet that many world-famous exchanges already make available to their customers. Do you already have some cryptocurrencies in your e-wallet or are you still broke?

And what do you think about the fact that Visa and Tala have joined forces to increase the adoption of cryptocurrencies in emerging markets? Let us know in the comments section below.