Tribal Credit is enjoying a lot of demand from firms worldwide for crypto tech and aims to build more crypto native partnerships. The corporate credit card and general b2b fintech SaaS firm added crypto payments in December ’21. Tribal was happy to jump into settlement and underwriting business credit in stable coins and crypto, a cheaper, faster option with only regulation worries to disrupt adoption. The intention is to offer traditional banking products through their embedded Visa card services but differentiate themselves through the ability to settle and pay in crypto. Like the Coinbase Crypto Credit that enables consumers to spend in USDC and earn rewards in Stellar Lumens, SMBs (SMEs) can settle international payments and underwrite credit in USDC and Lumens.
As Tribal builds out its crypto options, the only thing that could help more than clear regulations would be state-sponsored stable coins. When fintechs like us facilitate this transaction settlement in crypto, you’ll see a slow and steady decline in the way traditional currencies are used.