Bolivia's VIVA Telecom Adopts Avalanche Blockchain for Financial Operations

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Bolivian telecom operator VIVA is integrating blockchain technology into parts of its financial infrastructure using the Avalanche network. The initiative is being led by Iris, a firm headed by Jules Miller, a former IBM Blockchain partner. VIVA will use stablecoins for settlement processes and to maintain dollar reserves. The move also aims to enable new financial services for the company. Notably, the integration is designed to work alongside VIVA's existing telecom systems rather than replacing them.

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