A LatAm telecom operator is putting part of its finances on Avalanche

Bullish-3.63%
16 Sep, 14:00
Source: CoinDesk

AI Summary

A Bolivian telecom operator partners with Iris to implement stablecoin settlements and dollar reserves on the Avalanche blockchain, marking significant enterprise adoption in Latin America.

Led by former IBM Blockchain partner Jules Miller, Iris is helping Bolivia's VIVA use stablecoins for settlement, dollar reserves and new financial services without replacing its existing telecom systems.