Moneygram, the omnipresent network of shipping and receives the cash network for retail customers, has performed Stablecoins and Blockchain of Blockchain Rieles the digital backbone of its renewed mobile application, the company said Wednesday.
Customers in the Latin American country in Colombia, where Moneygram has an extensive retail network of more than 6,000 locations, will be the first to use the new application to receive and store Payments from Stablecoin, with plans to expand to additional markets in the near future.
Colombia is the ideal launch market, says the CEO of Moneygram, Anthony Soohoo. It is an important incoming remittance corridor where families receive more than 22 times the money they send abroad, and where Colombian weight has lost more than 40% of its value in the last four years.
When it comes to the progress of Stablecoins, Soohoo compares this with other murderous applications such as the humble spreadsheet, which promoted adoption in the early era of the PC, or what the Internet browser did, or GPS and mobile phones.
“Stablecoins really is the murderous application for Crypto and I think we are at the dawn of all possibilities,” Soohoo said in an interview. “Our clients can maintain and store a stable currency and allow an agreement in real time. And with the genius law approved in the USA., Now we have a framework in terms of how it will be regulated and how we can work with it.”
Under the hood, the new Moneygram application is driven by the USDC Stablcoin and Stellar de Circle, the fast and cheap block chain, as well as CrossMint, a wallet infrastructure platform and Stablecoin payments.
When backward, Moneygram has about half a million locations where customers can collect cash or send money, Soohoo said. As a supplier of remittances, IT services more than 20,000 runners worldwide. Moneygram is also the largest cash cash for cryptoo, added Soohoo.
“When you talk about global payments, there are many companies that can have a presence and a strong brand in a market, but when you leave the United States or the United Kingdom, for example, nobody knows about them,” Soohoo said. “We have existed for many years and our brand is truly global.”
