NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tala and Visa Partnership Seeks to Ignite Stablecoin Use in Emerging Markets

Call it an ignition play for cryptocurrency — specifically, making crypto spendable, not just a store of value — across borders with the unbanked populations of the world, billions of consumers among them, as the match.

Source

PYMNTS (link opens in a new window)

Categories

Finance

Region

Sub-Saharan Africa

Tags

credit, cryptocurrency, digital wallets, emerging markets, stablecoin, unbanked

Two Former Coinbase Employees Are Building a DeFi Lending Protocol for Emerging Markets

A pair of former Coinbase employees are launching a new protocol that aims to advance one of the DeFi space’s primary use cases — decentralized lending — in the world’s emerging markets.

Source

The Block (link opens in a new window)

Categories

Finance, Technology

Tags

cryptocurrency, emerging markets, financial inclusion, lending, stablecoin, startups

Press Release: Apollo Fintech Announces Completion of the First Blockchain National Currency Platform

Blockchain company Apollo Fintech is announcing the completion of its National Payment Platform (NPP), an innovative cashless system that enables a central bank to issue a sovereign, digital currency (stablecoin) for national adoption.

Source

PR Newswire (link opens in a new window)

Categories

Finance, Technology

Tags

banking, blockchain, financial access, fintech, invention, mobile money, stablecoin, technology

Analysis: Could Digital Currencies Make Being Poor Less Costly?

Blockchain-based payment systems can bring the more than 1.7 billion people who are unbanked or underbanked (including 25% of U.S. households), into the formal economy. And in doing so, they can render obsolete the expensive, usurious payment and informal financial services those people use to make ends meet.

Source

Harvard Business Review (link opens in a new window)

Categories

Finance, Technology

Tags

blockchain, coronavirus, digital currency, digital payments, financial services, Internet, poverty, remittances, SDGs, stablecoin, unbanked

Facebook’s Libra Serves as Signal That Fintech Firms Like Visa, Paypal, Booking.Com Were Eager to Explore Stablecoins, Blockchain Advisor Argues

“An increase in the supply of Tether has been seen as a positive leading indicator especially for Bitcoin demand. The thinking is that increased issuance of Tether [leads to more] buying. Tether`s price fluctuates around $1. The issuing company, Tether, aims to manage the supply so that it does not trade at a significant premium or a discount for an extended period.”

Source

Crowdfund Insider (link opens in a new window)

Categories

Finance

Tags

blockchain, cryptocurrencies, economic development, Facebook, financial access, libra, stablecoin