Legacy payment networks won’t rebuild themselves onchain. The most likely path forward is through API providers that modernize their rails by packaging wallets, compliance, and global money movement into programmable services.
How @MoneyGram is rewriting remittances with stablecoins 👇
The Old Way (Sending $100 to Colombia):
1. Sender pays MoneyGram in fiat.
2. MoneyGram network enables fiat pickup.
3. $100 converts to COP at pickup.
💸 Funds move through traditional banking rails, a slow and expensive process that ties up significant capital.
The New Crossmint-Powered Flow:
1. MoneyGram mints @circle USDC and holds balances in a Crossmint custodial wallet.
2. Sender pays MoneyGram $100 in fiat.
3. Crossmint API instantly transfers $100 USDC to the recipient's non-custodial wallet in the new MoneyGram Money Transfer app.
Why It Changes Everything:
Recipients skip the trek for fading local cash (COP down 40% in 4 years).
They can save in the world's most stable currency, and convert to COP only as needed.
The Bigger Play: MoneyGram can unlock new financial services (coming soon):
1. Spend @USDC online or in person.
2. Earn USDC rewards.
From clunky cash pickups to instant USD savings, MoneyGram is now paving the way for financial innovation where it never existed before.
Powered by Crossmint wallets and stablecoin orchestration.
Slowly, suddenly… then all at once.
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