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MoneyGram releases Visa stablecoin card as remittance rivals expand
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MoneyGram is following rival Western Union’s lead, rolling out a Visa stablecoin debit card as it expands blockchain-based payments.
Key facts
- In June, MoneyGram launched its MGUSD stablecoin on Stellar, as it deepened its push into blockchain-based cross-border payments, integrating MGUSD with its proprietary app through a self-custodial
- MoneyGram is following rival Western Union’s lead, rolling out a Visa stablecoin debit card as it expands blockchain-based payments
- MoneyGram is expanding its stablecoin activities, introducing a Visa-branded stablecoin debit card weeks after a similar move by global remittance rival Western Union
- The MoneyGram Card will initially debut as a virtual card in Colombia that can be used with Apple Wallet or Google Wallet, the company said in an announcement
Summary
MoneyGram is expanding its stablecoin activities, introducing a Visa-branded stablecoin debit card weeks after a similar move by global remittance rival Western Union. The MoneyGram Card will initially debut as a virtual card in Colombia that can be used with Apple Wallet or Google Wallet, the company said in an announcement. In June, MoneyGram launched its MGUSD stablecoin on Stellar, as it deepened its push into blockchain-based cross-border payments, integrating MGUSD with its proprietary app through a self-custodial wallet. Last month, it announced a link with Solana wallet as it expanded its crypto ramps.