BOSTON, June 14, 2021 /PRNewswire/ — Circle, a worldwide monetary expertise agency that gives funds and monetary infrastructure for web companies, at this time introduced a partnership with Maps.me, which gives thousands and thousands of customers globally entry to a decentralized finance ecosystem by way of the world’s main offline mapping utility. Collectively, Circle and Maps.me will supply customers utilizing USD Coin (USDC), the world’s quickest rising greenback digital forex, easy entry to Maps.me’s DeFi ecosystem.
Which means low cost, quick, and safe methods to pay, switch and make investments with USDC – in addition to unique reductions and advantages – all inside a user-driven monetary system that enables folks to transact straight with one another, not by way of a monetary establishment.
Underneath the partnership, Maps.me will combine assist for USDC, which was developed by Circle and Coinbase, enabling a seamless client journey from utilizing a bank card to buy USDC to holding MAPS tokens inside a Maps.me Pockets. Customers will have the ability to:
- Earn yield of as a lot as 8% on saved worth
- Make funds by way of a linked bank card
- Switch cash immediately and at low value to family and friends globally in 35 totally different currencies
- Rise up to 10% cashback on Reserving.com
- Take pleasure in a reduction of as a lot as 50% on chosen eSIM and telecoms providers
“We’re very proud to be part of the primary effort to carry the DeFi expertise to an enormous viewers on Maps.me,” mentioned Jeremy Allaire, CEO and Co-founder of Circle. “Our two firms share a dedication to reworking cash into an web expertise that enables customers to ship, share, pay and make investments as merely and freely as electronic mail, textual content messaging, or social media.”
Over the past 9 years, the Maps.me app has been downloaded 140 million occasions, with 60 million folks utilizing it to navigate 195 nations in 2020. In a current survey carried out by Maps.me, the corporate discovered that roughly half of its customers are inquisitive about accessing monetary providers by way of the app. Greater than 220,000 customers have already joined a ready record for a digital pockets throughout the app.
“DeFi is able to go mainstream and Circle is a pure associate for the Maps.me ecosystem in driving mass adoption,” mentioned Alex Grebnev, Co-founder of Maps.me. “We all know that Maps.me’s massive and extremely engaged person base is in search of immediate, safe, and easy-to-access monetary providers which might be related to their wants. This partnership with Circle accelerates our capacity to ship the advantages of DeFi and put folks accountable for their monetary lives, similar to they’re accountable for their journey.”
USDC has skilled super development, decisively turning into the quickest rising and most generally adopted absolutely reserved and compliant greenback digital forex. USDC in circulation has grown from simply over 400 million in early 2020 to over 20 billion as of June ninth, based on CoinMarketCap. USDC adoption has expanded throughout buying and selling, funds, financial savings, lending, and different use instances in blockchain finance. At the moment, lots of of firms within the blockchain ecosystem have built-in assist for USDC of their services and products.
“This partnership is one other constructing block within the development of a special, extra open monetary system,” mentioned Viktor Mangazeev, co-founder of Maps.me. “Maps.me gives customers a world of potentialities due to the way in which that DeFi apps can seamlessly combine with one another. Which means increasingly thrilling providers and gives for customers.”
Circle is a worldwide monetary expertise agency that allows companies of all sizes to harness the facility of stablecoins and public blockchains for funds, commerce and monetary purposes worldwide. Circle’s platform has supported greater than 100 million transactions by greater than 10 million retail clients and greater than 1,000 companies. Circle can also be a principal developer of USD Coin (USDC), which along with Coinbase and the Centre Consortium oversees the requirements and protocol for what has turn out to be the quickest rising, regulated, absolutely reserved greenback digital forex. USDC now stands at greater than $22 billion and has supported over $615 billion in transactions over the previous yr. At the moment, Circle’s transactional providers, enterprise accounts, and platform APIs are giving rise to a brand new era of economic providers and commerce purposes that maintain the promise of elevating international financial prosperity for all by way of programmable web commerce. Be taught extra at https://circle.com.
Maps.me is the world’s main off-line mapping utility for vacationers. Launched in 2012 it has been downloaded greater than 140 million occasions. Greater than 60 million customers worldwide have been lively in 2020 planning and navigating their excursions in 195 nations. Maps.me customers can obtain maps for his or her meant travels after which entry their maps with out the necessity for costly roaming connectivity or the chance of patchy information indicators. Maps.me is a dedicated open-source advocate that ensures full privateness for its customers, who’re a major contributor to the OpenStreetMapping Undertaking globally. Starting in 2021, the app will combine fee, forex trade and passive earnings providers in 35 currencies to additional allow explorers worldwide. For extra info, please go to https://maps.me.
SOURCE Circle Web Monetary, Inc.