MoneyGram takes a bold step into digital finance by integrating Crossmint‘s wallet infrastructure into its payment system. This integration enables instant conversion of US dollar remittances into USDC stablecoins for recipients in Colombia. The move marks a significant shift in how people send and receive money across borders.
Say hello to a new way to receive money 💸📲
— MoneyGram (@MoneyGram) September 17, 2025
Introducing the next-generation MoneyGram® app:
🔔 Instantly receive international transfers with real-time notifications
💲 Choose to convert funds into digital dollars for stability, or withdraw cash at a MoneyGram location
🔒… pic.twitter.com/E0CIn5QTup
Transforming Remittances with Digital Innovation
The new system offers Colombian recipients unprecedented flexibility in managing their funds. Users can now receive their transfers instantly in USDC through Crossmint-powered digital wallets. This advancement eliminates traditional waiting times and reduces costs associated with cross-border transfers. Recipients can choose to hold their funds in USDC as a hedge against local currency fluctuations or convert them to Colombian pesos at over 6,000 MoneyGram locations nationwide.
Enhanced Features and Future Developments
MoneyGram plans to expand the service with new features that bridge digital and traditional finance. Future updates will include the ability to spend USDC globally through Visa and Mastercard debit cards. The platform will also introduce deposit-based incentives through integrated savings options. These developments streamline cross-border transactions without requiring users to understand blockchain technology.
Setting New Standards in Financial Services
The partnership leverages Crossmint’s end-to-end system for minting, settlement, and payouts. The platform includes built-in compliance features like AML and KYC checks. This comprehensive solution helps MoneyGram avoid multiple vendor relationships and the need for specialized blockchain expertise. Crossmint’s established track record, serving over 40,000 developers and major institutions like Visa and Santander, positions it as a trusted partner in this digital transformation.
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