MoneyGram Launches Stablecoin-Backed Visa Card, Starting in Colombia
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· body · New information from a source
MoneyGram has launched a Visa card backed by stablecoins, developed in partnership with Rain and initially rolling out in Colombia, according to The Block.The card extends stablecoin-denominated funds into everyday spending at merchants accepting Visa.- MoneyGram has launched its first stablecoin-backed Visa card, according to The Block, with the product developed alongside crypto card infrastructure firm Rain.
- The card is initially available in Colombia, The Block reported.
- The launch marks MoneyGram's move to bring digital dollars into everyday spending, according to CoinDesk.
- Cointelegraph reported that MoneyGram is following the lead of rival Western Union, which has already rolled out its own stablecoin-linked payment offerings, as both remittance companies expand their blockchain-based payment services.
- The card allows users to spend stablecoin balances through the Visa network, tapping into existing card acceptance infrastructure rather than requiring merchants to accept crypto directly.
· summary · New information from a source
MoneyGram rolled out its first stablecoin-backed Visa card in Colombia, developed with Rain, extending digital dollar spending to retail.- MoneyGram has launched a stablecoin-backed Visa card built with Rain, debuting in Colombia as it pushes further into blockchain-based payments.
· headline · New information from a source
MoneyGram launches stablecoin-backed Visa card in Colombia with Rain- MoneyGram Launches Stablecoin-Backed Visa Card, Starting in Colombia
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
MoneyGram has launched its first stablecoin-backed Visa card, according to The Block, with the product developed alongside crypto card infrastructure firm Rain. The card is initially available in Colombia, The Block reported.
The launch marks MoneyGram’s move to bring digital dollars into everyday spending, according to CoinDesk. Cointelegraph reported that MoneyGram is following the lead of rival Western Union, which has already rolled out its own stablecoin-linked payment offerings, as both remittance companies expand their blockchain-based payment services.
The card allows users to spend stablecoin balances through the Visa network, tapping into existing card acceptance infrastructure rather than requiring merchants to accept crypto directly.
Sources: CoinDesk, The Block, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestMoneyGram launches stablecoin-backed Visa card in Colombia with Rainfirst reported · 2 sourcescoindesk.com · theblock.co
- storyMoneyGram Launches Stablecoin-Backed Visa Card, Starting in Colombiaupdate · 3 sourcescoindesk.com · theblock.co · cointelegraph.com
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