A LatAm telecom operator is putting part of its finances on Avalanche
Founded 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.
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Summary
- Latin American telecom operator VIVA is the first carrier live on Iris, an Avalanche-based network for transaction settlement and dollar-denominated operating reserves focused on telco companies.
- Iris, founded by former IBM Blockchain partner Jules Miller, lets carriers plug existing identity, billing and distribution systems into financial services without replacing the infrastructure already running their businesses.
- The network is starting in emerging markets, where mobile operators often play a much bigger role in consumers’ financial lives than they do in the U.S., John Nahas, Ava Labs’ cheif business officer said.
