MoneyGram launches Visa stablecoin card as remittance rivals expand
MoneyGram is following rival Western Union’s lead, rolling out a Visa stablecoin debit card as it expands blockchain-based payments.
MoneyGram is expanding its stablecoin activities, introducing a Visa-branded stablecoin debit card just weeks after a similar move by global remittance rival Western Union.
The MoneyGram Card will initially debut as a virtual card in Colombia that can be used with Apple Wallet or Google Wallet, the company said in an announcement. It plans to introduce a physical card option as it expands to additional markets later this year.
It is working with infrastructure provider Rain on the new card. Western Union is also working with the provider in the roll-out of its Stablecard, announced last month.