MoneyGram, one of many largest cross-border funds suppliers, shares particulars of its latest integration within the crypto phase. Thanks to the collaboration with OwlTing, Stellar’s associate, USDC on- and off-ramps can be found in MoneyGram places throughout the globe.
MoneyGram entry integrates OwlTing for USDC assist
MoneyGram, a world funds operator, pronounces the partnership with OwlTing Group, a Hong Kong cryptocurrency companies platform. Thanks to the collaboration, OwlPay Wallet Pro will be seamlessly related to MoneyGram International accounts.
#MoneyGramAccess expands additional with our latest international associate @OwlTing 🌐
Bridging #USDC stablecoin and native fiat currencies for OwlPay® Wallet Pro customers opens entry to the digital economic 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 at the moment are obtainable for purchasers in 30 MoneyGram’s places globally. USDC cash-out with OwlPay Wallet Pro turns into accessible for purchasers in all 170 international locations and territories of MoneyGram’s presence.
USDC (previously USD Coin) by Circle is the second-largest stablecoin on this planet. Its market capitalization is estimated at $41 billion in equal.
As coated by U.Today beforehand, MoneyGram large has an extended monitor of interactions with crypto-based remittances platforms.
Starting from 2022, MoneyGram permits direct buying of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) inside its purposes.
Bringing crypto alternatives to unbanked inhabitants
Also, it utilized ODL, Ripple’s XRP-based liquidity hall for cross-border remittances. MoneyGram was the biggest Ripple associate 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 autumn, 2024. The collaboration will unlock new B2B devices which might be significantly essential for areas with excessive inflation charges.
As coated by U.Today beforehand, Stellar Lumens (XLM), Stellar’s cryptocurrency, surprisingly rocketed in November. In the final month, its worth peaked over $0.6, printing a 400% improve.
