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Cross Border Payments Just Got 8.5 Million Times More Complicated Using a Stablecoin That’ll Make You Wonder Why We’re Still Talking About This in the First Place

Crypto NewsRegulation/NegotiationRetail Investors 2 Linda Williams August 16, 2024

An illustration of a Brazilian flag being pulled apart by two opposing forces: one force is holding onto it with a traditional payment rail (SWIFT) rope tied around their waist while another force holds onto USDC stablecoin ropes, both trying to pull in opposite directions as they stand on either side of the Rio Grande river. The background features Latin American countries and cities represented by tiny flags waving gently in the wind. A small boat sails across the river carrying a crate labeled "Cross Border Payments".

Another day, another crypto bros’ wet dream about making cross-border payments easier with USDC – because nothing says “easy” like using a stablecoin that’s only useful for people who want to gamble in cryptocurrency markets or pay high fees for transactions

Source: bitcoin.com

Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam
https://news.bitcoin.com/caliza-raises-8-5-million-to-ease-cross-border-payments-using-usdc-in-latam
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails for easing cross-border payments for its customers. Alternative payment services thrive in Latin America due to their advantages compared to traditional payment rails. Caliza, […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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