Crossmint Energizes MoneyGram’s Remittance Services with USDC Integration
MoneyGram has joined forces with Crossmint to upgrade its payment structure. This partnership introduces instant USDC remittances for recipients in Colombia.
The collaboration marks a critically important leap for MoneyGram, shifting traditional transaction methods to a modern digital setup.By integrating Crossmint’s advanced wallet technology, MoneyGram can now provide immediate settlements using USDC, a stable digital currency tied to the value of the U.S. dollar.
In this new arrangement, Colombians receiving remittances gain versatile financial power. Upon receiving money, thay can:
- Store it as USDC for a safeguard against peso fluctuation.
- Convert it instantly to Colombian pesos at over 6,000 MoneyGram outlets nationwide.
- Stay tuned for future advancements like paying worldwide with linked debit cards.
Crossmint’s extensive platform ensures compliance, scalability, and robust security. This support helped MoneyGram execute its stablecoin launch efficiently. According to Josh Bivins, MoneyGram’s Director of Product, Crossmint’s guidance accelerated the project, minimizing vendor complications, and speeding up market entry.
Crossmint, supported by key investors such as Ribbit Capital and Franklin Templeton, aids businesses in integrating cryptocurrency features using user-amiable web tools. Its clientele spans prominent companies like Visa, Sony, and others, leveraging Crossmint’s formidable API capabilities.
