MoneyGram & Fireblocks Partner for Faster Stablecoin Transfers

MoneyGram partners with Fireblocks to integrate stablecoin-powered payments, aiming to speed up and streamline international money transfers. This collaboration leverages Fireblocks digital asset infrastructure to improve internal operations and reduce the need for pre-funding accounts in various locations. The adoption of stablecoins in the remittance business is growing, driven by demand for faster and cheaper transfers and regulatory developments like the GENIUS Act. This partnership could enable near-instant, digital wallet transfers for MoneyGram customers, while improving reconciliation processes and reducing operational costs for the company.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.