MoneyGram launches Visa stablecoin card as remittance rivals expand
60-second summary
MoneyGram launches a Visa‑backed stablecoin debit card, mirroring Western Union’s move, to broaden its blockchain‑based remittance services. The card lets users spend US‑dollar‑pegged digital tokens directly at merchants, converting crypto to fiat instantly. By integrating stablecoins, MoneyGram aims to lower fees, attract tech‑savvy customers, and pressure competitors as the cross‑border payments market accelerates.
MoneyGram is following rival Western Union’s lead, rolling out a Visa stablecoin debit card as it expands blockchain-based payments.