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Global Citizen and Circle Partner to Expand Economic Opportunity Across Africa Through Digital Financial Innovation

CRCL
  • Global Citizen & Circle Internet Group (NYSE: CRCL) announced a multi-year partnership to expand economic opportunity in Africa using digital financial innovation.
  • The collaboration begins with Global Citizen & pgLang's Move Afrika initiative, introducing USDC as a payment option for vendors starting in Rwanda in 2027.
  • USDC adoption aims to help local businesses get paid faster, reduce transaction costs, & facilitate easier participation in international commerce.
  • Circle will support the Move Afrika Production Alliance by providing financial education, technical training, & hands-on guidance for local entrepreneurs & production professionals.
  • The partnership explores onboarding Global Citizen's community engagement program to the blockchain to encourage civic participation & reward action.
  • The new Global Citizen & Circle Impact Champions Award will provide USDC funding to charitable organizations supported by artists, athletes, & cultural leaders.
  • Move Afrika has previously featured artists including Kendrick Lamar, John Legend, & Doja Cat across Rwanda, Nigeria, & South Africa.
  • Jeremy Allaire, CEO of Circle, highlighted the goal of helping local businesses reach the global economy & accelerating funding for charitable causes.
  • Hugh Evans, CEO of Global Citizen, emphasized ensuring opportunities from concerts extend beyond the stage through faster payments & long-term financial skill building.