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Visa Moving to Integrate With Digital Currency Platforms

Visa says it is working to integrate digital currencies with its existing global network of 61 million merchants. The global payments technology giant is working with two licensed and regulated digital currency platforms, Coinbase and Fold. In a blog post, Visa says the emergence of fiat-backed digital currencies or stablecoins promises a new payment innovation that combines the benefits of digital currencies with the “stability” of existing currencies like the US dollar. Explaining the company’s focus on delivering value to people, businesses and economies regardless of currency channel, Visa says: We’re reshaping how money moves across the globe, and that…

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Libra rival Celo launches 50-member Alliance For Prosperity

Some Libra Association representatives like Andreessen Horowitz and Coinbase Ventures are double-dipping, backing a competing cryptocurrency developer platform. Launching today with over 50 marriages , non-profit The Celo Foundation’s’ Alliance For Prosperity’ renders a nature for makes to build decentralized mobile apps that are based on Celo’s blockchain platform and USD stablecoin. The open-source Celo platform is still in testing with plans to officially launch its mainnet in April. The non-profit founded in 2017 has raised $36.4 million, including its Series A where Andreessen Horowitz’s a16z Crypto bought $15 million usefulnes of Celo Gold tokens. The biggest differentiator of Celo’s…

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