Global remittance company MoneyGram partners with Fireblocks... Introduces real-time stablecoin payments

Global remittance company MoneyGram is partnering with blockchain infrastructure firm Fireblocks to introduce a real-time stablecoin-based payment system.

The two companies will apply Fireblocks’ stablecoin technology to MoneyGram’s international remittance infrastructure.

Michael Shaulov, co-founder and CEO of Fireblocks, said, “MoneyGram is building a next-generation cross-border payment network that operates in real time,” adding, “By transitioning to a multichain-based programmable infrastructure, they are improving the speed and reliability of global remittances.”

MoneyGram, which serves over 50 million users annually in more than 200 regions, has long shared the international remittance market with Western Union.

This partnership is seen as part of MoneyGram’s efforts to increase payment speed and reduce costs through blockchain technology. Shaulov explained, “We will build a ‘programmable payment layer’ that enables the real-time transfer of payment flows and value across multiple blockchains.”