MoneyGram Brings Blockchain Payments to 60 Million Users Worldwide

MoneyGram has launched a stablecoin-based Visa card in Colombia, marking an important step towards integrating blockchain technology into everyday payments. The card allows users to hold and spend digital dollar balances with ease.

The MoneyGram Card is powered by Rain's payment system and Crossmint's wallet tech, with the Stellar network providing the underlying blockchain layer. This infrastructure enables instant conversion of stable-dollar balances to spendable funds, making it a seamless experience for customers.

MoneyGram's expansion into crypto payments is a strategic move to offer users more flexibility in managing their finances. The company has over 60 million active customers worldwide and is planning a global rollout of the card in the coming months.