How Stellar’s $40M Investment In Tala Will Give Millions Access To Financial ...
The Stellar Development Foundation (SDF) has made a fresh bet on the financial services sector. According to a press release, the institution participated in a $145 million series E for Tala. A global technology company working on providing millions of people with access to lend, borrow, and other financial services Tala reached an over $350 million funding with support from the SDF and its Enterprise Fund, Upstart, and others. Related Reading | Stellar Network To Power New Savings API Launched By Wyre Launch in 2020, the SDF’s Enterprise Fund provides support, in U.S. dollar or XLM,....
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Payments giant Visa and financial services provider Tala have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to “make it easier for underbanked consumers to convert, store, and use cryptocurrencies.” Visa and Tala Boosting Crypto Adoption 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 on a mission to enable and accelerate financial health for all,” its website....
The Stellar ecosystem continues to expand. Today they have announced a partnership with global payments company Flutterwave to launch two new payment corridors between Europe and Africa. Related Reading | How Stellar’s $40M Investment In Tala Will Give Millions Access To Financial Services To be supported by the Stellar network with their main EU anchor TEMPO, a payment institution that offers its services for the corporate sector, the corridors will process transactions with USDC. In that way, the partners seek to provide a simplified way of sending remittances between the two....
JPMorgan will reportedly give retail clients access to bitcoin investment vehicles starting on July 19, a first in U.S. big banking
New York City-based SolidX has raised $3m to bring financial instruments - including 'total return swaps' - to large institutional bitcoin investors. Founded in early 2014, SolidX's funding round came from a group of investors led by Liberty City Ventures and hedge fund manager James Pallotta. The team at SolidX is comprised of professionals with backgrounds on Wall Street. The company sees a huge opportunity to provide the traditional finance industry a way to access bitcoin. SolidX CEO Daniel Gallancy told CoinDesk the company wants to provide a Wall Street with bitcoin investment tools:....
Millions of people around the world are financially excluded. These individuals, mainly women and poor people, suffer financial exclusion and restricted economic growth. Surprisingly, the financial exclusion of the poor is happening not only in developing countries but in the very financial capital of the world, New York City. Specifically, the New York....