AID:Tech to Utilize Circle’s USDC Payment Solution
- AID:Tech has been providing blockchain-based payment solutions for disaster relief since 2015.
- The company will use Circle’s USDC to provide its users with an efficient way to settle and track donations.
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AID:Tech announced that it will soon begin utilizing Circle’s payment solution and its USD Coin stablecoin. According to a press release published on 27 August, the additions will enable the company to provide its consumers with fast and efficient funds while securing the safety of their digital identity.
Founded in 2015, AID:Tech is a financial services company focused on providing transparency to federal relief distribution. The company provides an easy-to-use platform that enables donors to deliver assistance to those in need and track the path of their donations. The partnership with Circle will enable the company to deliver its services, including providing disbursements to victims of natural disasters and partnering with governments or charitable organizations.
“In the wake of disaster, money matters, and timing is everything,” said Joseph Thompson, the Co-Founder and CEO of AID:Tech. “This collaboration gives AID:Tech an opportunity to make a meaningful impact when people need it most.”
- The digital ID project said Orb Operators received USDC payments as part of the project’s transitional phase after launch, and now that it is nearing its end Worldcoin will be switching to WLD payments.
- Worldcoin warned Orb Operators to check if they can claim rewards in their region as WLD are not available in the United States and “certain other restricted territories”.
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- SVB Financial Group has filed for a Chapter 11 court-supervised reorganization in the U.S. in order to “preserve value”.
- The company stressed it is no longer affiliated with Silicon Valley Bank, the closure of which sent ripples across the crypto industry.
- Despite the events of last week, Circle has been able to clear almost all USDC backlog, and redeemed $3.8 billions USDC between March 13 and March 15.
- The stablecoin issuer also went live with a new transaction banking partner for both domestic and international wires, and expects to bring more capabilities back soon.