Ibanera Announces New Partnership With Circle to Offer USD Coin to Customers
MIAMI, December 11, 2020 (Newswire.com) - Ibanera, a licensed global fintech company, today announced a partnership with Circle to provide corporate and retail customers with USDC stablecoin for secure and efficient cross border payments.
Ibanera's customers now have the ability to fund their accounts with a bank transfer and convert their balances to USDC. Customers can also purchase USDC using their Visa or MasterCard. Ibanera's customers can safely custody their USDC with Ibanera in their own segregated wallet account.
Through this new collaboration, Ibanera can facilitate secure, fast, and low-cost global payments allowing customers to process payments much faster and cost-efficiently than traditional methods such as SWIFT.
USD Coin (USDC) is a fully-reserved digital dollar stablecoin supported across multiple public blockchains. USDC is issued by regulated financial institutions and redeemable on a 1:1 basis for US dollars. Since its inception in 2018, USDC has been integrated into hundreds of products and services and is used for trading, payments, remittances and lending.
"We are excited to provide customers with access to the fastest growing full-reserve stablecoin worldwide. Our new stablecoin infrastructure offers a scalable, secure and efficient alternative to traditional banking rails," said Bjorn Snorrason, General Manager of Ibanera.
About Ibanera
Ibanera is a global fintech firm regulated in the United States, Canada, Europe and Singapore. As an innovative financial services platform, Ibanera provides businesses and individuals a seamless, user-friendly banking experience in a modern digital and global environment.
For more information, visit www.ibanera.com.
About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle's platform has supported over 100 million transactions worth tens of billions of dollars, with nearly 10 million retail customers, over a thousand businesses, while storing and securing more than $5 billion in digital currency assets. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest-growing, regulated, fully-reserved stablecoin. USDC now stands at a $3 billion market cap and is adding nearly $200 million net new digital dollars in circulation every week. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce. Learn more at https://circle.com
Source: Ibanera