🎉Colombia 🇨🇴: MoneyGram launches stablecoin remittance service

🎉Colombia 🇨🇴: MoneyGram launches stablecoin remittance service

Clients in the United States 🇺🇸 can now send money in USD, which is instantly converted to USDC and delivered to recipients in Colombia.

▶️Infrastructure: in Colombia, MoneyGram operates more than 6,000 branches, and remittance flows are among the largest in the region. From there, the company plans to expand into other Latin American markets.

▶️Strategic partnership: the initiative was developed in collaboration with U.S.-based fintech Crossmint, a provider of digital wallet and stablecoin payment infrastructure.

▶️Local dynamics: although the new MoneyGram app is available on both the Apple App Store and Google Play, users in Colombia must first join a waiting list to have their accounts approved.

▶️Market outlook: a recent report from Finnovista reveals that 13.7% of Colombian fintechs already incorporate stablecoins into their operations, with the share expected to surpass 28% by 2026.

#news #Colombia #crypto #p2p

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