🔥🔥MONEYGRAM LAUNCHES NEW APP BASED ON USDC AND STELLAR BLOCKCHAIN, A REVOLUTION FOR DIGITAL REMITTANCES🔥🔥
MoneyGram, an American money transfer service company that allows people and businesses to send and receive funds internationally, has launched a new state-of-the-art mobile app that leverages Circle's USDC stablecoin and the Stellar (XLM) blockchain for cross-border payments.
The most significant novelty is that users can now receive, hold, and send money in stablecoins pegged to the US dollar, with a nearly instantaneous, secure, and low-cost settlement system.
This app debuts in Colombia, a key market for MoneyGram and an important remittance corridor, where the local currency, the Colombian peso, has lost over 40% of its value in the last four years.
The use of stablecoins like USDC allows users to protect themselves from the volatility of the local exchange rate, offering a stable and regulated digital currency, which is important for families receiving remittances from abroad and wanting to preserve the value of their money.
The Stellar blockchain, chosen for its speed and low costs, ensures fast and reliable transactions.
Thanks to its global network, MoneyGram aims to soon expand the app to other markets, driving the adoption of stablecoins for everyday uses and promoting financial inclusion in emerging countries.
MoneyGram is transforming the way international remittances occur by bringing them onto a stable, transparent, and convenient digital platform for millions of users worldwide, with a particular focus on economically unstable realities like Colombia.
