• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Visa
Nexo

Tribal Partners With Visa to Expand Its Offerings In Latin America

Dan B by Dan B
3 months ago
in Crypto News
0

Tribal Credit, a crypto-focused payment and financing firm for startups providing advanced spend controls, has partnered with Visa to expand its financial tools offerings to small and medium-sized businesses in Latin America. The announcement made on Monday signifies the growing demand for blockchain-based payments instead of traditional ones.

The collaboration with the world’s biggest payment processor will allow Tribal to provide credit cards in local currencies or denominations across Latin America. It includes Brazil, Mexico, Argentina, Chile, Panama, Colombia, Uruguay, Peru, and the Dominican Republic. In addition, a representative of the company revealed that their priority is to enable this credit service in the states of Peru, Chile, and Colombia.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | Why E-commerce Giant eBay Could Integrate Bitcoin And Crypto Payments

Although Tribal came to this move for providing traditional finance solutions to small-sized businesses, it also allows big corporations to benefit from emerging blockchain technology and use cryptocurrencies to transfer funds. To bring cross-border payment service, Tribal partnered with Stellar Development Foundation and Latin American cryptocurrency exchange Bitso in December 2021. It uses Stellar’s USD stablecoin for that purpose.

Expressing the reason behind their continuous development of financial solutions, the company highlighted El Salvador Bitcoin Law and acceptance of crypto in several regimes.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Visa also expanded its boundaries in crypto-space and even developed a blockchain interoperability project to handle payments in digital currency adequately. The project, titled “Universal Payment Channel,” is striving to establish a blockchain interoperability feature with an aim to streamline digital currency over different chains.

In addition, the credit card firm has recently introduced a consulting service that will help merchants and banks to integrate their business model with cryptocurrencies.

It is worth noting that Visa has also entered NFTs space as it purchased a CryptoPunk worth $150,000 in August 2021. 

BTCUSD price
Bitcoin price again surpassed $40K after Russia-Ukrain war effects. | Source:  BTC/USD price chart from TradingView.com

Visa Describe NFTs as Promissing Medium

In the same month, when Visa purchased an NFT CryptoPunk 7610, a collection of 10,000 NFT coins, it titled NFTs as a “promising medium for fan engagement” in a whitepaper.

Visa’s publication of 23 August said nonfungible tokens are a significant innovation when the pandemic enslavements have limited the live sports events and other festivals in the world. The NFT space is growing at the right time, and the fans are also eager to join digital communities based on their favorite artists or sports players.

The ban on live professionals’ leagues due to corona has caused an estimated $18 million loss in revenue. Per Visa’s statement, the NFTs’ creation drives the “need to diversify revenue and focus on technology to reposition businesses for growth opportunities and to capture the attention of fans.”

Related Reading | Visa Records Unprecedented Growth In Crypto Card Payments

In addition, the report added that “NFTs appeal to collectors, fans, teams, leagues, and talent.” Therefore, the NFTs can mainly become a source for fans to engage with their stars, manage customer relationships, and have more revenue streams. The primary use cases of nonfungible tokens identified in the report are gaming, art, and collectibles.

Featured image from Pixabay and chart from TradingView.com

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Dan B

Dan B

Veteran crypto and finance writer & editor.

Related Posts

UnicornDAO

UnicornDAO Rallies For Women And LGBTQ Artists; Raises $4.5 Million 

5 hours ago
Shiba Inu

Shiba Inu Extinction: Finder Panel Predicts SHIB To Have Zero Value By 2030

1 day ago
Terra

Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

2 days ago
Getty Images

Getty Images Teams Up With Candy Digital In Foray Into NFTs

2 days ago
Robinhood

Robinhood To Roll Out Standalone Ethereum Wallet

2 days ago
Portugal

Portugal Stance On Taxes – Crypto Haven No More?

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.