Company
Date Published
Author
Alex Behrens
Word count
656
Language
English
Hacker News points
None

Summary

Circle Internet Financial has announced a partnership with Maps.me, aiming to integrate decentralized finance (DeFi) features into the popular offline mapping application, which boasts 140 million downloads and 60 million users navigating 195 countries. This collaboration involves leveraging Circle’s infrastructure to provide Maps.me users with access to financial services using USD Coin (USDC), enabling cross-border payments, fast and secure transactions, and investment opportunities, alongside exclusive discounts on services. Users will be able to make payments with a linked credit card, transfer money in various currencies, and enjoy benefits like cashback and telecom service discounts, all within a user-driven financial ecosystem. This partnership is part of a broader effort to bring DeFi to a mainstream audience, with USDC having experienced significant growth, reaching a market cap exceeding $20 billion and becoming widely adopted in blockchain finance. Circle and Maps.me aim to transform financial transactions into a seamless internet experience, empowering users to manage their finances as easily as they navigate their travels.