Moneygram has made another jump in digital finance by integrating stablescoins and blockchain regulation rails in its new mobile application.
The movement signals the ambition of the giant of funds to reinvent cross -border payments using the most reliable tool in crypto: stablecoins.
Colombia chosen as launch
The service makes its debut in Colombia, a country where Moneygram operates more than 6,000 points of sale. The nation has been selected for its importance as an incoming funding center, families receiving more than 22 times the funds they send abroad. The choice also reflects the economic difficulties of Colombia: Peso has lost more than 40% of its value in just four years, which makes dollar assets much more attractive to households.
Stablecoins as “the killer application”
The CEO of Moneygram, Anthony Soohoo, compared the potential of stablescoins to transformative technologies of the past. Just as calculation sheets have fueled the rise of PCs, browsers have unlocked the internet and that GPS has reshaped mobility, it thinks that stablecoins are ready to become the determining application of crypto.
“Stablecoins are really the Killer app for crypto,” said Soohoo. “We are just at the dawn of all the possibilities. Customers can now have a stable currency and pay for transactions in real time. ”
Regulatory clarity stimulates adoption
Soohoo added that the recent Genius Act in the United States, which defines a legal framework for Stablecoins, gives a Moneygram confidence to extend these services worldwide. The application allows customers to store and transform into stablecoins while taking advantage of the support of clear regulation and instantlochain instant settlement capacities.
What is the next step
Moneygram plans to extend deployment on additional markets in the coming months. For the regions struggling with local volatile currencies, the integration of Stablecoin could provide both coverage and a more efficient payment channel, accelerating the adoption of digital assets as daily financial tools.
