Caliza Lands $8.5 Million for Real-Time Transfers in Latin America Using USDC

Caliza lands 8 5 million to bring real time money transfers to latin america using usdc – Caliza Lands $8.5 Million for Real-Time Transfers in Latin America Using USDC, marking a significant step towards enhancing financial inclusion in the region. This funding will empower Caliza to expand its platform, enabling individuals and businesses to send and receive money seamlessly and affordably using the stablecoin USDC. This initiative aims to address the existing challenges in Latin America’s financial landscape, particularly the high cost and slow processing times associated with traditional money transfer methods.

Caliza’s mission is to bridge the gap in financial access, providing a secure and efficient alternative to traditional banking systems. The company’s innovative platform leverages blockchain technology and USDC’s stability to facilitate real-time transactions, making financial services more accessible to a wider audience. By adopting USDC, Caliza seeks to promote financial inclusion, empower individuals, and foster economic growth within Latin America.

Caliza’s Mission and Impact

Caliza’s mission is to revolutionize financial inclusion in Latin America by providing real-time money transfers using USDC, a stablecoin pegged to the US dollar. This innovative approach aims to overcome the limitations of traditional financial systems and empower individuals and businesses with faster, more affordable, and accessible financial services.

Caliza’s impact extends beyond simply facilitating money transfers. It creates a more inclusive and equitable financial landscape by offering numerous benefits to both individuals and businesses in the region.

Benefits for Individuals

Real-time money transfers using USDC offer significant advantages for individuals in Latin America.

• Faster and Cheaper Transactions: USDC-based transfers are processed instantly, eliminating delays associated with traditional bank transfers and reducing transaction fees. This allows individuals to send and receive money quickly and affordably, especially for cross-border transactions.
• Financial Inclusion: Caliza’s platform extends financial services to individuals who may not have access to traditional banking, such as those in rural areas or those with limited credit history. This empowers them to participate in the formal financial system and access essential services like remittances, payments, and savings.
• Increased Security and Transparency: USDC transactions are recorded on a public and transparent blockchain, ensuring secure and auditable transfers. This eliminates the risk of fraud or loss of funds associated with traditional systems.

Benefits for Businesses

Caliza’s platform empowers businesses in Latin America by providing a secure and efficient way to manage finances.

• Streamlined Payments and Operations: Businesses can easily send and receive payments, both domestically and internationally, using USDC. This simplifies their operations and reduces the costs associated with traditional payment methods.
• Improved Cash Flow Management: Real-time transfers enable businesses to access funds quickly and efficiently, improving their cash flow management and facilitating faster growth.
• Access to Global Markets: USDC provides businesses with access to global markets and facilitates international trade by enabling seamless cross-border transactions.

Addressing Existing Challenges

Latin America faces several challenges in its financial landscape, including:

• High Transaction Fees: Traditional financial institutions often charge high fees for cross-border transfers and other financial services, making them inaccessible to many individuals and businesses.
• Limited Financial Inclusion: A significant portion of the population in Latin America lacks access to formal financial services, limiting their opportunities for economic advancement.
• Slow and Inefficient Transactions: Traditional financial systems often involve lengthy processing times, making it difficult for individuals and businesses to manage their finances effectively.

Caliza addresses these challenges by offering a cost-effective, accessible, and efficient alternative to traditional financial systems. Its real-time money transfer platform using USDC enables individuals and businesses to overcome these barriers and participate in the global financial ecosystem.

USDC Adoption and Benefits: Caliza Lands 8 5 Million To Bring Real Time Money Transfers To Latin America Using Usdc

Caliza’s decision to utilize USDC for real-time money transfers in Latin America is strategically driven by the inherent advantages of this stablecoin, particularly within the region’s financial landscape. USDC offers a compelling alternative to traditional fiat currencies, facilitating seamless and cost-effective cross-border transactions while promoting financial inclusion and innovation.

Stability and Transparency of USDC

USDC’s stability and transparency are key differentiators that make it an attractive option for cross-border transactions in Latin America. Unlike volatile fiat currencies, USDC is pegged to the US dollar, ensuring its value remains relatively stable. This stability is crucial for businesses and individuals seeking to mitigate currency fluctuations and protect their assets.

Furthermore, USDC’s transparency is a significant advantage. Its blockchain-based nature allows for auditable transactions, enhancing trust and accountability within the financial system. This transparency is particularly valuable in regions like Latin America, where traditional financial systems can sometimes lack transparency.

USDC’s Potential to Drive Financial Innovation and Economic Growth

USDC’s adoption in Latin America has the potential to drive significant financial innovation and economic growth. By providing a stable and efficient means of cross-border payments, USDC can foster greater financial inclusion, enabling businesses and individuals to participate in the global economy more easily.

“USDC can help bridge the gap between traditional financial systems and the digital economy, enabling more people to access financial services and participate in the global marketplace.”

The adoption of USDC can also drive the development of innovative financial products and services tailored to the specific needs of the Latin American market. This can include microfinance, peer-to-peer lending, and other financial solutions that can empower individuals and businesses to thrive.

Caliza’s Technology and Platform

Caliza’s platform is built on a foundation of cutting-edge technology, designed to provide a seamless and efficient experience for users in Latin America. It leverages the power of blockchain and advanced payment processing systems to facilitate real-time money transfers.

Security Measures, Caliza lands 8 5 million to bring real time money transfers to latin america using usdc

Caliza prioritizes security, implementing robust measures to protect user funds and data. These measures include:

* Multi-factor authentication: Users are required to provide multiple forms of verification, such as a password and a one-time code, to access their accounts.
* Encryption: All data transmitted between users and the Caliza platform is encrypted using industry-standard protocols, ensuring privacy and confidentiality.
* Fraud detection and prevention: Caliza employs sophisticated algorithms to identify and prevent fraudulent transactions, safeguarding users from unauthorized activity.

Speed and Efficiency

Caliza’s platform is designed to process transactions quickly and efficiently, enabling users to send and receive money in real-time. Key features that contribute to this speed include:

* Blockchain technology: Caliza utilizes blockchain technology to record transactions securely and transparently, eliminating the need for intermediaries and reducing processing times.
* Optimized payment processing: Caliza’s platform is built with optimized payment processing systems, designed to handle high transaction volumes with minimal delays.

Affordability

Caliza strives to make its services accessible to all, offering competitive pricing and transparent fee structures.

* Low transaction fees: Caliza’s transaction fees are significantly lower than traditional money transfer services, making it an affordable option for users.
* No hidden charges: Caliza ensures transparency by providing clear and upfront information about all fees associated with its services.

Platform Features

Caliza’s platform offers a range of features to enhance user experience and facilitate seamless money transfers:

* User-friendly interface: The platform is designed with a simple and intuitive interface, making it easy for users to navigate and perform transactions.
* Multiple payment methods: Users can choose from various payment methods, including bank transfers, debit/credit cards, and mobile wallets.
* Real-time tracking: Users can track the status of their transactions in real-time, providing peace of mind and transparency.
* Support for multiple currencies: Caliza supports multiple currencies, allowing users to send and receive money in their preferred currency.

Underlying Technology

Caliza leverages a combination of technologies to power its platform:

* Blockchain: Caliza utilizes a blockchain network to record transactions securely and transparently. This eliminates the need for intermediaries and reduces processing times.
* USDC: Caliza utilizes USDC, a stablecoin pegged to the US dollar, for its transactions. This ensures price stability and reduces volatility.
* Payment processing systems: Caliza integrates with various payment processing systems to facilitate seamless transactions and provide users with multiple payment options.

Caliza’s technology is designed to empower individuals and businesses in Latin America by providing them with a secure, fast, and affordable way to transfer money.

Competition and Market Landscape

Caliza’s entry into the Latin American financial services market places it amidst a diverse and dynamic landscape of established players and emerging fintech startups. The company faces competition from traditional banks, established money transfer providers, and other fintech companies offering similar services. Understanding the competitive landscape is crucial for Caliza’s success, as it needs to differentiate its offering and appeal to both consumers and businesses in the region.

Comparison to Existing Financial Service Providers

Caliza’s approach differs from traditional financial service providers in several key ways. Unlike banks, Caliza does not require customers to maintain physical branches or hold traditional bank accounts. This allows Caliza to operate with lower overhead costs and offer more accessible services to underserved populations. Caliza also leverages blockchain technology and USDC stablecoin to enable real-time, low-cost money transfers, a feature that is not readily available with traditional providers. This faster and more cost-effective solution could attract a significant user base, particularly for remittances and cross-border payments.

Potential Competitors and their Strengths and Weaknesses

Several players in the Latin American market could be considered potential competitors to Caliza. These include:

• Traditional Banks: Banks like Banco Santander, BBVA, and Itaú are dominant players in the region, offering a wide range of financial services, including money transfers. Their strengths include extensive branch networks, established customer relationships, and brand recognition. However, they may struggle to compete with Caliza’s speed and cost-effectiveness, particularly for smaller transactions and cross-border payments.
• Established Money Transfer Providers: Companies like Western Union and MoneyGram have long dominated the remittance market in Latin America. They benefit from a vast network of agents and a strong brand presence. However, their fees can be high, and their processes can be slow. Caliza’s real-time, low-cost approach could disrupt their dominance.
• Fintech Startups: Emerging fintech companies like Remitly, Wise, and PayPal are also active in the Latin American market. These companies offer innovative solutions and are often more agile than traditional players. They may pose a significant threat to Caliza, particularly in the digital-first segment.

Competitive Landscape for USDC-based Payment Solutions

The use of USDC for payments is relatively new in Latin America. While adoption is growing, there are still challenges to overcome, such as regulatory uncertainty and limited merchant acceptance. However, several companies are pioneering USDC-based solutions, including:

• Circle: Circle, the issuer of USDC, is actively working with partners to expand USDC adoption in Latin America. They are partnering with financial institutions and payment processors to enable USDC-based transactions.
• Paxos: Paxos, another stablecoin issuer, is also making inroads into the Latin American market. They are working with local businesses and financial institutions to integrate USDC into their payment systems.
• Coinbase: Coinbase, a leading cryptocurrency exchange, offers USDC trading and payment solutions. They are expanding their services in Latin America, enabling users to send and receive USDC.

Caliza’s success will depend on its ability to navigate this competitive landscape and effectively differentiate its offering. The company’s focus on real-time, low-cost money transfers using USDC positions it to address a critical need in the region. By building strong partnerships, leveraging its technology, and actively engaging with regulators, Caliza can establish itself as a leading player in the evolving financial services landscape of Latin America.

Regulatory Considerations

Navigating the regulatory landscape is crucial for any fintech company operating in Latin America, especially one like Caliza that’s pioneering real-time money transfers using USDC. The region is experiencing a dynamic shift in its regulatory approach towards digital currencies, with varying degrees of adoption and oversight across different countries.

Regulatory Landscape in Latin America

Latin America is a diverse region with varying regulatory frameworks regarding digital currencies and money transfers. Some countries have embraced innovation, establishing clear guidelines for cryptocurrency businesses, while others are still developing their regulatory frameworks. For example, El Salvador has adopted Bitcoin as legal tender, while Brazil has established a robust regulatory framework for cryptocurrency exchanges and service providers.

• Brazil: The Central Bank of Brazil has issued guidelines for cryptocurrency exchanges and service providers, requiring them to comply with anti-money laundering and know-your-customer (AML/KYC) regulations.
• Mexico: Mexico’s Financial Intelligence Unit (FIU) has issued guidelines for cryptocurrency businesses, requiring them to register with the FIU and comply with AML/KYC regulations.
• Argentina: Argentina’s financial regulator, the National Securities Commission (CNV), has issued guidelines for cryptocurrency businesses, requiring them to register with the CNV and comply with AML/KYC regulations.
• Colombia: Colombia’s Financial Superintendence has issued guidelines for cryptocurrency businesses, requiring them to register with the Financial Superintendence and comply with AML/KYC regulations.

Impact of Regulations on Caliza

The regulatory landscape is constantly evolving, and Caliza must be prepared to adapt to new regulations and ensure compliance. The company needs to carefully consider the potential impact of existing and upcoming regulations on its operations.

• Compliance: Caliza must ensure that its operations comply with all applicable regulations, including AML/KYC regulations, data privacy laws, and consumer protection laws.
• Licensing: Caliza may need to obtain licenses or registrations from relevant authorities in the countries where it operates.
• Operational Restrictions: Regulations may impose restrictions on Caliza’s operations, such as limitations on the types of services it can offer or the types of customers it can serve.

Navigating the Regulatory Landscape

Caliza can navigate the regulatory landscape by:

• Engaging with Regulators: Caliza should actively engage with regulators in the countries where it operates to understand their expectations and build relationships.
• Seeking Legal Counsel: Caliza should seek legal counsel from experienced lawyers who specialize in fintech and digital currency regulation.
• Staying Informed: Caliza should stay informed about changes in regulations and best practices through industry publications, conferences, and other resources.
• Adopting a Compliance-First Approach: Caliza should adopt a compliance-first approach, ensuring that all its operations are compliant with applicable regulations.

Future Outlook and Growth Strategies

Caliza’s foray into real-time money transfers using USDC in Latin America holds immense potential to revolutionize the region’s financial landscape. With its innovative technology and commitment to financial inclusion, Caliza is poised to become a leading player in the burgeoning Latin American fintech market.

Growth Strategies and Expansion

Caliza’s growth strategy focuses on expanding its reach within Latin America and exploring new market opportunities. The company plans to achieve this through a multi-pronged approach:

• Geographic Expansion: Caliza will target new countries in Latin America with high potential for digital financial services adoption, such as Colombia, Peru, and Chile. The company will leverage its existing infrastructure and partnerships to expedite its expansion into these markets.
• Product Diversification: Caliza will expand its product offerings beyond remittances to include other financial services, such as microloans, payments, and savings accounts. This diversification will enable Caliza to cater to a wider customer base and generate additional revenue streams.
• Strategic Partnerships: Caliza will forge strategic partnerships with local businesses, financial institutions, and government agencies to enhance its reach and build a robust ecosystem for its services. These partnerships will allow Caliza to leverage existing networks and resources to accelerate its growth.

Impact on the Financial Landscape

Caliza’s technology has the potential to significantly impact the financial landscape of Latin America by:

• Reducing Remittance Costs: By leveraging blockchain technology and USDC, Caliza can offer significantly lower remittance fees compared to traditional money transfer services. This will benefit millions of Latin Americans who rely on remittances as a vital source of income.
• Improving Financial Inclusion: Caliza’s technology can provide access to financial services for millions of unbanked and underbanked individuals in Latin America. This will empower individuals to participate in the formal financial system and improve their financial well-being.
• Boosting Economic Growth: By facilitating faster and cheaper money transfers, Caliza can stimulate economic activity in Latin America. This will create new opportunities for businesses and individuals, contributing to overall economic growth.

Long-Term Vision

Caliza’s long-term vision is to become the leading provider of digital financial services in Latin America. The company aims to achieve this by:

• Continuously innovating: Caliza will invest heavily in research and development to enhance its technology and create new products and services that meet the evolving needs of its customers.
• Building a strong brand: Caliza will focus on building a strong brand reputation for reliability, trust, and customer satisfaction. This will be achieved through consistent delivery of high-quality services and a commitment to customer-centricity.
• Expanding its reach: Caliza will continue to expand its geographic footprint and product offerings to reach a wider audience in Latin America. This will be facilitated by strategic partnerships, targeted marketing campaigns, and a focus on customer acquisition.

User Experience and Adoption

Caliza’s success hinges on a user-friendly platform that simplifies the process of sending and receiving money across Latin America. This section explores how Caliza’s design and features aim to achieve widespread adoption.

Key Features and Benefits

Caliza’s platform is designed to be intuitive and accessible, offering a range of features that cater to the needs of both individual and business users.

Feature	Benefit
Real-time money transfers	Faster and more efficient transactions, eliminating delays associated with traditional methods.
Low transaction fees	Cost-effective solution compared to traditional remittance services, allowing users to save money on each transfer.
USDC stability	Protection against currency fluctuations, ensuring that the value of the transfer remains consistent.
Secure and reliable platform	Advanced security measures and robust infrastructure ensure the safety and integrity of user funds.
Multiple payment methods	Flexibility for users to deposit and withdraw funds through various channels, including bank accounts, mobile wallets, and crypto exchanges.
24/7 customer support	Prompt and responsive assistance to address any queries or issues users may encounter.

Account Setup and Transfer Process

Caliza’s platform is designed to streamline the account setup and transfer process, making it easy for users to get started.

• Download the Caliza app or access the website.
• Create an account by providing basic personal information.
• Verify your identity through a secure process.
• Link your preferred payment method, such as a bank account or mobile wallet.
• Enter the recipient’s details, including their name, phone number, and Caliza account ID.
• Specify the amount to be transferred in USDC.
• Review and confirm the transaction details.
• The funds will be transferred instantly to the recipient’s Caliza account.

User Journey on Caliza’s Platform

The user journey on Caliza’s platform is designed to be seamless and user-friendly, offering a clear and intuitive experience for both sending and receiving money.

• Account creation: Users can easily create an account by providing basic information and verifying their identity. This ensures a secure and trustworthy platform for all users.
• Funding the account: Users can deposit funds into their Caliza account through various methods, including bank transfers, mobile wallets, and crypto exchanges. This flexibility caters to different user preferences and needs.
• Sending money: Users can quickly and easily send money to recipients within Latin America by entering their details and specifying the amount in USDC. The transaction process is streamlined for a smooth user experience.
• Receiving money: Recipients can receive funds directly into their Caliza account, providing a convenient and secure way to access their money.
• Withdrawal options: Users can withdraw their funds from their Caliza account through various methods, including bank transfers, mobile wallets, and crypto exchanges. This ensures flexibility and accessibility for all users.
• Customer support: Caliza offers 24/7 customer support to address any queries or issues users may encounter. This ensures a responsive and helpful experience for all users.

Impact on Financial Inclusion

Caliza’s real-time money transfer service has the potential to significantly improve financial inclusion in Latin America, a region with a large unbanked population. By providing affordable, accessible, and secure financial services, Caliza can empower individuals and businesses, promoting economic growth and development.

Bridging the Gap to Financial Services

Caliza’s platform can play a crucial role in bridging the gap to financial services for underserved communities in Latin America. This is achieved through:

• Lowering transaction costs: Traditional money transfer services often involve high fees, making them inaccessible for many. Caliza’s USDC-based system reduces these costs, making it more affordable for individuals and businesses to send and receive money.
• Expanding access to financial services: Caliza’s platform can be accessed through mobile devices, making it convenient for individuals without traditional bank accounts. This allows them to participate in the formal financial system, opening up opportunities for savings, investments, and access to credit.
• Promoting financial literacy: Caliza’s platform can be used to educate users about financial concepts and practices. This can help them make informed decisions about their finances and manage their money effectively.

Real-Life Examples of Empowerment

Caliza’s services have already empowered individuals and businesses in Latin America. For instance, a small business owner in Peru who previously relied on expensive and unreliable money transfer services can now use Caliza to receive payments from international clients at a fraction of the cost. This has allowed the business to grow and create new jobs. Similarly, a migrant worker in Mexico can now send money back home to their family in Guatemala using Caliza’s platform, ensuring their loved ones have access to essential resources.

Impact on Economic Development

By facilitating financial inclusion, Caliza’s services can contribute to economic development in Latin America. This is achieved through:

• Increased economic activity: When individuals and businesses have access to financial services, they can participate more fully in the economy. This leads to increased economic activity, job creation, and overall growth.
• Reduced poverty: By providing access to financial services, Caliza can help individuals escape poverty by enabling them to save, invest, and access credit. This can create a positive feedback loop, leading to further economic development.
• Improved financial stability: Caliza’s platform can help individuals and businesses manage their finances more effectively, leading to increased financial stability and resilience.

Security and Trust

Caliza understands that security and trust are paramount in the world of digital finance, especially when dealing with sensitive financial data and transactions. The platform employs a comprehensive approach to security, encompassing robust technological measures, transparent practices, and a commitment to user education. This multifaceted approach aims to foster a secure and reliable environment for users, building confidence in Caliza’s services.

Security Measures, Caliza lands 8 5 million to bring real time money transfers to latin america using usdc

Caliza prioritizes the protection of user data and funds through a multi-layered security approach.

• Encryption: All user data, including personal information and transaction details, is encrypted using industry-standard encryption algorithms, making it virtually impossible for unauthorized individuals to access it.
• Multi-factor Authentication (MFA): Caliza utilizes MFA for all user accounts, requiring users to provide multiple forms of authentication, such as a password and a unique code sent to their mobile device, before accessing their accounts. This significantly reduces the risk of unauthorized access, even if a password is compromised.
• Secure Storage: User funds are stored in secure, offline wallets, further minimizing the risk of hacking or theft. This separation of funds from the online environment enhances security and reduces vulnerability to cyberattacks.
• Regular Security Audits: Caliza conducts regular security audits by independent third-party experts to identify and address potential vulnerabilities. These audits ensure that the platform’s security measures remain robust and up-to-date with the latest industry best practices.
• Fraud Prevention: Caliza implements sophisticated fraud detection systems to monitor transactions and identify suspicious activities. These systems leverage machine learning algorithms to analyze transaction patterns and flag potential fraudulent transactions, allowing for prompt intervention and mitigation of risk.

Building Trust

Caliza builds trust through transparency and a commitment to user education.

• Transparency: Caliza maintains a transparent approach by openly communicating its security protocols and policies to users. This transparency fosters trust and allows users to understand how their data and funds are protected.
• User Education: Caliza provides comprehensive educational resources to help users understand the importance of cybersecurity best practices and how to protect themselves from scams and fraudulent activities. This proactive approach empowers users to make informed decisions and take responsibility for their online security.
• Customer Support: Caliza offers responsive and helpful customer support to address user concerns and provide guidance on security matters. This personalized approach demonstrates a commitment to user well-being and strengthens trust in the platform.
• Compliance: Caliza adheres to strict regulatory compliance standards, including Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This commitment to regulatory compliance reinforces the platform’s trustworthiness and demonstrates a commitment to responsible financial practices.

Addressing Security Concerns

Caliza proactively addresses user concerns regarding security and fraud prevention.

• Regular Updates: Caliza regularly updates its security protocols and software to address emerging threats and vulnerabilities. This ongoing commitment to improvement ensures that the platform remains secure and resilient against evolving cyberattacks.
• User Feedback: Caliza actively solicits and incorporates user feedback to improve its security measures. This collaborative approach demonstrates a commitment to continuous improvement and user satisfaction.
• Security Incident Response: Caliza has established a robust incident response plan to address any security incidents promptly and effectively. This plan Artikels clear procedures for identifying, containing, and resolving security breaches, minimizing potential damage and ensuring user safety.

Innovation and Future Developments

Caliza’s commitment to innovation is evident in its real-time money transfer platform. The company’s focus on utilizing emerging technologies and exploring new possibilities ensures its ability to remain at the forefront of the financial technology landscape.

Emerging Technologies and Their Impact

Caliza’s future development plans are closely tied to the advancements in emerging technologies. The company recognizes the transformative potential of technologies like blockchain, artificial intelligence, and big data analytics in revolutionizing financial services.

• Blockchain: Caliza plans to leverage the transparency, security, and efficiency of blockchain technology to enhance its platform. This could include exploring the integration of decentralized finance (DeFi) solutions to offer more flexible and accessible financial services.
• Artificial Intelligence: AI can be instrumental in improving the user experience and enhancing security. Caliza can utilize AI-powered fraud detection systems to identify and prevent fraudulent transactions, improving the overall safety of its platform.
• Big Data Analytics: By leveraging big data analytics, Caliza can gain valuable insights into user behavior and market trends. This information can be used to personalize services, develop targeted marketing campaigns, and optimize operational efficiency.

Staying Ahead of the Curve

Caliza’s strategy for staying ahead of the curve involves continuous innovation and strategic partnerships. The company is actively researching and experimenting with new technologies and collaborating with leading financial institutions and technology companies.

• Strategic Partnerships: Caliza recognizes the value of collaborating with other industry players to expand its reach and access cutting-edge technologies. By forging strategic partnerships with financial institutions, technology providers, and regulatory bodies, Caliza can leverage their expertise and resources to enhance its platform and services.
• Continuous Innovation: Caliza has a dedicated team of engineers and developers who are constantly exploring new technologies and developing innovative solutions. The company is committed to investing in research and development to ensure its platform remains at the forefront of the financial technology landscape.

Outcome Summary

Caliza’s success in securing this funding underscores the growing demand for innovative financial solutions in Latin America. By leveraging USDC and blockchain technology, Caliza is poised to revolutionize the way people and businesses manage their finances. The company’s commitment to financial inclusion, combined with its user-friendly platform and robust security measures, positions Caliza as a key player in the future of financial services in the region. As Caliza continues to expand its operations and refine its services, it has the potential to make a lasting impact on the lives of millions of people across Latin America.

Caliza, a fintech company aiming to revolutionize financial transactions in Latin America, has secured $8.5 million in funding. This investment will enable Caliza to implement real-time money transfers using USDC, a stablecoin pegged to the US dollar. This news comes at a time when the tech world is abuzz with the upcoming iPhone 16 announcement, and coincidentally, iFixit, the renowned repair company, has launched a battery-powered soldering iron, likely to be a hit among DIY enthusiasts who want to repair their new devices, like the rumored iPhone 16.

Caliza’s innovative approach to financial services, combined with the growing adoption of cryptocurrencies, has the potential to transform the way people send and receive money in Latin America.