CandleFocus Bolivia Sees Crypto Surge as Meru Integrates Stellar Blockchain for Payments and Loans
2024-12-17
Author: Content Editor
Colombian and Venezuelan neobank, Meru, has launched its blockchain wallet in Bolivia, connecting decentralized finance (DeFi) tools with traditional financial services like Visa, Mastercard, and MoneyGram. The wallet operates on Stellar's blockchain, offering transparency in transactions and allowing users to manage their assets through self-custody while earning returns with DeFi protocols. Meru primarily targets Latin American freelancers who rely on cross-border payments. The integration of blockchain and traditional finance aims to simplify user experience and meet the growing demand for crypto financial solutions in Bolivia. Meru has facilitated over 50,000 transactions and plans to expand its services, including loans and additional payment features. Small businesses in Bolivia, like burger restaurant Chiiitos, have started accepting Bitcoin and USDT as payment options using solutions like the Lightning Network. This trend reflects the increasing adoption of cryptocurrencies for everyday transactions in Bolivia.
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