๐ MoneyGram launches its Visa card backed by Stablecoins on the Stellar network ($XLM )
MoneyGram has taken a key step toward mass adoption of crypto payments by officially introducing its Visa card backed by digital dollars (stablecoins).
๐ Key points:
๐ Global reach: Lets more than 60 million active users spend their digital dollars at over 175 million merchants worldwide.
โก๏ธ No friction: Removes the need to manually convert to fiat currency outside the platform, directly connecting blockchain rails with traditional point-of-sale (POS) terminals.
๐ ๏ธ Infrastructure and network: Built on the Stellar network (StellarOrg) with the technology infrastructure of Rain and Crossmint.
๐ Business strategy: The company aims to optimize its $3 billion annual FX volume by moving settlement to stablecoins.
This partnership reinforces how payment-focused, low-cost networks continue to gain ground in the traditional financial system.
$XLM #Stellar #MoneyGram #Visa
MoneyGram has taken a key step toward mass adoption of crypto payments by officially introducing its Visa card backed by digital dollars (stablecoins).
๐ Key points:
๐ Global reach: Lets more than 60 million active users spend their digital dollars at over 175 million merchants worldwide.
โก๏ธ No friction: Removes the need to manually convert to fiat currency outside the platform, directly connecting blockchain rails with traditional point-of-sale (POS) terminals.
๐ ๏ธ Infrastructure and network: Built on the Stellar network (StellarOrg) with the technology infrastructure of Rain and Crossmint.
๐ Business strategy: The company aims to optimize its $3 billion annual FX volume by moving settlement to stablecoins.
This partnership reinforces how payment-focused, low-cost networks continue to gain ground in the traditional financial system.
$XLM #Stellar #MoneyGram #Visa
