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Circle Announcement of partnership with Maps.me, supplying millions of users globally using a decentralized fiscal ecosystem throughout the world’s top offline mapping software. Together, Circle and Maps.me will provide consumers to use USD Coin (USDC), the world’s fastest growing dollar electronic money, easy access to DeFi’s ecosystem Maps.me.
That means economical, quick, and secure ways to pay, move and spend with USDC — as well as exclusive discounts and benefits — all in a single user-driven financial system. Controls that enable people to transact with one another directly, not via a bank.
Under the partnership, Maps.me will incorporate support for USDC, developed by Circle and Coinbase, allowing consumers a seamless journey from using a credit card to get USDC to holding MAPS tokens in their Wallet. Maps.me. Users will be able to:
- Earn up to 8 percent gain on stored value
- Pay via linked credit card
- Instant, low-cost transfers to family and friends around the planet in 35 different currencies
- Get up to 10% cashback on Booking.com
- Get up to 50% off select eSIM and telecom services
Jeremy Allaire, CEO and Co-Founder of Circle stated: “We are very proud to be part of the first effort to bring the DeFi experience to a large audience on Maps.me. Our two companies share a commitment to transform money into an internet experience that allows users to send, share, pay, invest as simply and freely as email, text message or social media .”
In the previous 9 years, the program Maps.me was downloaded 140 million times, with 60 million people using the app to navigate 195 nations by 2020. In a recent poll conducted by Maps.me implementation, the company discovered that roughly half of its customers were interested in obtaining financial services throughout the app. More compared to 220,000 users have joined the waitlist for an in-app pocket.
Alex Grebnev, Co-Founder of Maps. M e, stated: “DeFi is poised to go mainstream and Circle is a natural partner of the Maps.me ecosystem in driving mass adoption. We know that our large and highly engaged user base Maps.me are looking for instant, secure and accessible financial services that are tailored to their needs. This partnership with Circle helps us accelerate our ability to deliver DeFi benefits and put people in charge of their financial lives, just like they are in charge of their commute.”
USDC has increased by leaps and bounds, becoming the fastest and most widely accepted digital money — the most fully-reserved and compliant buck. USDC in circulation has increased from over 400 million in ancient 2020 to over 20 billion June 9, based on CoinMarketCap. USDC adoption has expanded over transactions, payments, savings, lending, and other use cases in blockchain finance. Today, hundreds of businesses in the blockchain ecosystem have incorporated USDC support in their services and products.
Maps.me combine a rapidly growing group of partners, use APIs Circle and USDC to supply a seamless payment experience and electronic wallet for clients eager to access the advantages of DeFi and other blockchain-based applications. USDC’s market capitalization has increased by more than 500 percent in 2021, facilitating billions of dollars in blockchain economic activity and providing financial access to tens of thousands of consumers around the world. We are extremely happy to collaborate with Maps.me as another important element in making USDC a worldwide seamless payment tool.
In order to not overlook any significant updates of Maps.me, individuals can join and talk at the Maps.me Vietnam community under: Notification channel | Discussion community
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