“The App Currently HAS 500,000 MONTHLY ACTIVELY USERS.”, – WRITE: www.coindesk.com
The App Aims to Be A Financial Bridge Between Non-Resident Indians (Nris) and India, and HAS PROCESSED $ 150 MILLION WORTH OF REMITTANCES WITH ABOUT 500,000 MONTHLY ACTIVE USERS. Abound is incubated by the Digital Arm of the Times of India Group, One of the Country’s Largest News Agencies.
“Indians in America have a unique Finique Financial Reality – One that Spans Two Countries, Two Economies, and Two Currencies. Yet, The Financial Services Available Today. NISHKAAM MEHTA, CEO OF Abound, In A Statement.
The Investment Will Be Used To Scale the Business by Hiring in Seval Key Roles and Enhance ITS Technology Infrastructure, A Press Release Said.
Jeremy Fox-Geen, Circle’s CFo, Addated in A Statement that Stablecoins and Digital Payment Infrastructure Are Revolutionizing Global Finance, Especialyly for Diaspora Communities.
Circle Is The Issuer of USDC, a stablecoin pegged to the US dollar that have a Market Cap of $ 59 Billion. A 2024 Report Outlined that The StableCoin Sector Had Settled $ 10.8 Trillion Wrth of Transactions in 2023, Of Wich $ 2.3 Trillion Were Related to Payments and Cross-Border Remittance.
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