How is MoneyGram using stablecoins for payments?

MoneyGram is using stablecoins via Fireblocks' infrastructure to enable faster, cheaper, and near-instantaneous cross-border payments directly to digital wallets.

What is Fireblocks' role in MoneyGram's stablecoin strategy?

Fireblocks provides the digital asset infrastructure, acting as a programmable layer for MoneyGram's stablecoin operations, securing digital assets and enabling efficient value routing.

Why are stablecoins gaining traction in remittances?

Stablecoins offer faster, cheaper international transfers, and users increasingly prefer managing funds in digital wallets, driving their adoption in the remittance business.

Home / Business and Economy / MoneyGram Powers Global Payments with Stablecoins

MoneyGram Powers Global Payments with Stablecoins

6 Dec

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Summary

MoneyGram integrates Fireblocks for stablecoin-powered global payments.
Stablecoin use accelerates in remittances for faster, cheaper transfers.
New regulations boost stablecoin adoption in the US crypto sector.

MoneyGram Powers Global Payments with Stablecoins

MoneyGram is set to transform its global payment network by integrating Fireblocks' advanced digital asset infrastructure. This collaboration will enable stablecoin-powered transactions and introduce real-time treasury tools, enhancing operational efficiency and settlement flows across over 200 countries.

The partnership is expected to streamline liquidity management and reduce the need for pre-funded accounts worldwide. Stablecoin adoption is surging in the traditional remittance sector as customers seek quicker, more cost-effective transfers, with recipients increasingly utilizing digital wallets.

This strategic move by MoneyGram signifies a broader industry trend where remittance companies are evolving into always-on digital platforms. The integration builds upon MoneyGram's prior initiatives in digital currency, positioning it for a future of seamless, instant cross-border value transfer.