According to an announcement published on 17 June, Maps.me will leverage technology from Circle to offer instant payments to more than 35 countries and easy in-app payments to Maps.me partners using credit and debit cards.
Maps.me users will now be able to buy and hold Circle’s USD Coin (USDC) and MAPS tokens in their own Maps.me digital wallet. The wallet will act as a brand new access point to the world of cryptocurrencies and digital applications, the company explained in the statement.
“We’re very proud to be a part of the first effort to bring stablecoins to a massive audience on Maps.me” Circle co-founder and CEO Jeremy Allaire announced, further elaborating: “Our two companies share a commitment to transforming money into an internet experience that allows users to send, share, pay and invest as simply and freely as email, text messaging, or social media.”
Alex Grebnev, the co-founder of Maps.me, revealed that the platform’s user base has been looking for instant, secure, and easy-to-access financial services for a long time. Partnering with Circle has accelerated the company’s ability to deliver the benefits of DeFi to its users, he explained.
The popular offline mapping application saw over 220,000 people join the waitlist for the launch of its integrated digital wallet. A recent survey found that half of more than 60 million of its users want access to more financial services through the Maps.me mobile app.