MoneyGram, one of many largest cross-border funds suppliers, shares particulars of its current integration within the crypto section. Because of the collaboration with OwlTing, Stellar’s accomplice, USDC on- and off-ramps can be found in MoneyGram areas throughout the globe.
MoneyGram entry integrates OwlTing for USDC assist
MoneyGram, a worldwide funds operator, broadcasts the partnership with OwlTing Group, a Hong Kong cryptocurrency providers platform. Because of the collaboration, OwlPay Pockets Professional will be seamlessly linked to MoneyGram Worldwide accounts.
#MoneyGramAccess expands additional with our latest international accomplice @OwlTing 🌐
Bridging #USDC stablecoin and native fiat currencies for OwlPay® Pockets Professional customers opens entry to the digital financial system and brings monetary inclusion to underbanked areas.
— MoneyGram (@MoneyGram) December 6, 2024
As such, cash-in operations with the USDC stablecoin and native currencies are actually accessible for patrons in 30 MoneyGram’s areas globally. USDC cash-out with OwlPay Pockets Professional turns into accessible for purchasers in all 170 nations and territories of MoneyGram’s presence.
USDC (previously USD Coin) by Circle is the second-largest stablecoin on the planet. Its market capitalization is estimated at $41 billion in equal.
As coated by U.At the moment beforehand, MoneyGram large has a protracted monitor of interactions with crypto-based remittances platforms.
Ranging from 2022, MoneyGram permits direct buying of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) inside its functions.
Bringing crypto alternatives to unbanked inhabitants
Additionally, it utilized ODL, Ripple’s XRP-based liquidity hall for cross-border remittances. MoneyGram was the biggest Ripple accomplice earlier than 2021.
In flip, OwlTing Group collaborates with Stellar since August 2024. As such, MoneyGram establishes the tie with one of many fastest-growing crypto ecosystems of This fall, 2024. The collaboration will unlock new B2B devices which are notably essential for areas with excessive inflation charges.
As coated by U.At the moment beforehand, Stellar Lumens (XLM), Stellar’s cryptocurrency, surprisingly rocketed in November. Within the final month, its worth peaked over $0.6, printing a 400% improve.
