Iris Network launches a financial network for telecom operators, with Bolivia's VIVA as the first live deployment.
Tech & Launches ·
Iris Network has launched a financial infrastructure platform designed for telecom operators, with Bolivia's VIVA becoming the first operator to deploy the system live. The network aims to enable telecom carriers to offer financial services directly to their customer bases by providing the underlying payment and settlement rails.
The mechanics center on integrating blockchain-based financial tools into existing telecom operations, allowing operators to leverage their existing customer relationships and distribution networks. VIVA's deployment marks the transition from testing to production use, making it a live instance of the platform's core functionality rather than a pilot or testnet phase.
The extent of VIVA's rollout scope—such as the number of end users, transaction volume, or services currently offered—remains unclear from available details. Similarly, the timeline for additional operator deployments and the specific blockchain infrastructure underpinning the network have not been specified.