# Remittance Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Remittance", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

OpenPayd Integrates Circle Payments Network for Faster Cross-Border Fiat Payments

Financial infrastructure provider OpenPayd has integrated with the Circle Payments Network (CPN) to offer businesses faster cross-border fiat payments. The service uses stablecoins like USDC and EURC for near-instant settlement behind the scenes, without requiring businesses to manage blockchain technology directly. Companies can continue sending and receiving traditional currencies through OpenPayd's existing platform, while CPN coordinates the settlement between financial institutions using regulated stablecoins. The integration currently supports corridors such as euro to Brazilian real and British pound to Mexican peso, aiming to make stablecoin-based payments more practical and simplify international money movement through a single connection.

TheNewsCrypto22 h fa

OpenPayd Integrates Circle Payments Network for Faster Cross-Border Fiat Payments

TheNewsCrypto22 h fa

Is Stablecoin Really Necessary for Cross-border Payments?

"Is Stablecoin Truly Necessary for Cross-Border Payments? While stablecoins are often praised as superior for cross-border transfers—especially if the recipient desires crypto—their advantage is less clear in traditional cross-currency scenarios (e.g., USD to Mexican Peso). The existing correspondent banking system is slow and costly (≈15% fees) due to multiple intermediaries. Modern fintech solutions like Wise have dramatically improved this by using a netting model: they hold local currency pools and settle payments domestically, avoiding actual cross-border fund movement. This offers near-instant transfers with low, transparent fees (averaging ~0.52%). The 'stablecoin sandwich' model (convert fiat to stablecoin, transfer on-chain, convert to local fiat) offers similar user experience but doesn't inherently provide major cost or speed advantages over fintech. Its on-chain transfer is cheap, but fiat conversion spreads remain. Stablecoin's real innovation is 'unbundling' the cross-border payment stack. Instead of requiring a proprietary global network like Wise, businesses only need reliable on- and off-ramps in specific corridors. This lowers market entry barriers, fosters competition among local providers, and can drive down costs, particularly for niche or underserved corridors (e.g., US to Africa). While vertical integration may reoccur, the open, permissionless nature of the underlying blockchain layer makes monopolistic pricing difficult. The long-term benefit is the potential redistribution of value—previously captured as intermediary rents—to consumers through lower costs."

marsbit08/21 10:11

Is Stablecoin Really Necessary for Cross-border Payments?

marsbit08/21 10:11

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

South Korea's Jeonbuk Bank has partnered with Ripple to implement its Ripple Payments platform for business customers. The service aims to enable near-instant, 24/7 cross-border transfers, offering a faster and cheaper alternative to traditional SWIFT-based transactions. While targeting businesses like import-export firms and tech startups, specific details on availability, supported currencies, corridors, fees, and whether it will use XRP, RLUSD, or other settlement methods were not disclosed. This marks Ripple's third partnership with a South Korean financial institution this year.

cointelegraph08/18 13:11

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

cointelegraph08/18 13:11

South Korean Jeonbuk Bank partners with Ripple for cross-border payments

South Korea's Jeonbuk Bank has partnered with blockchain payments firm Ripple to implement a cross-border payment system for its corporate clients. Using Ripple Payments, clients, including import/export companies, tech startups, and online content creators, can conduct international money transfers 24/7 in seconds or minutes. Ripple claims this system will be faster and cheaper than traditional SWIFT transfers, which can take several days. The companies did not disclose the service's current availability, supported corridors, currencies, fees, or expected transaction volumes. It is also unclear whether transfers will utilize XRP, Ripple's RLUSD stablecoin, another digital asset, or traditional fiat settlement. This marks Ripple's third partnership with a South Korean financial institution this year, following deals with Kyobo Life Insurance for on-chain government bond settlement and Kbank for institutional wallet infrastructure.

cryptonews.ru08/18 05:15

South Korean Jeonbuk Bank partners with Ripple for cross-border payments

cryptonews.ru08/18 05:15

Analyzing the Real Use Cases of Stablecoins and Regional Opportunities

Analysis of $15.2B in identifiable cross-border stablecoin transfers reveals key usage patterns and regional opportunities. Contrary to common perception, the majority (62.6%) of this volume is domestic transfers within countries, highlighting significant use for domestic payments, trading, and dollar-denominated savings. Furthermore, 73.0% of all identifiable volume (including domestic) remains within the sender's broader geographic region. Asia-Pacific (APAC) is the dominant market, accounting for 41.0% of global sending volume and 41.6% of global domestic volume, while also showing a net inflow of funds. Key APAC corridors like Taiwan-Indonesia and Indonesia-South Korea demonstrate substantial existing bilateral demand. The data suggests the most immediate market opportunities for institutions lie in developing domestic settlement services and regional cross-border payment channels within the APAC region.

marsbit08/16 07:01

Analyzing the Real Use Cases of Stablecoins and Regional Opportunities

marsbit08/16 07:01

Actually, the Largest Use Case for Stablecoin Payments Is Not Cross-Border

Based on an analysis of $15.2 billion in identified on-chain stablecoin transfers, the data reveals that cross-border remittances represent only a portion of stablecoin demand. The dominant use case is domestic transfers, accounting for 62.6% ($9.5B) of the identified volume. Key markets include Turkey, South Korea, Mexico, Indonesia, and the US. This indicates stablecoins are widely used for domestic payments, transactions, and dollar-denominated savings within countries. Furthermore, 73.0% of all identified transaction volume (including domestic) stays within the sender's broader geographic region. The Asia-Pacific (APAC) region leads in stablecoin activity, contributing 41.0% of total sent volume and 41.6% of global domestic volume. It also shows a net inflow of funds, with Indonesia, Singapore, and South Korea being notable recipients. Major cross-border corridors already exist, such as Turkey-Indonesia and US-Mexico. Within APAC, corridors like Taiwan-Indonesia and Indonesia-South Korea show significant bilateral flows. For institutions, the key market opportunities currently lie in domestic settlement services and developing cross-border payment channels within the APAC region, which combines the largest transaction scale, high domestic usage, and positive net inflows.

marsbit08/16 05:16

Actually, the Largest Use Case for Stablecoin Payments Is Not Cross-Border

marsbit08/16 05:16

The Last Mile of Stablecoins: MoneyGram Connects Crypto Wallets to Cash Outlets in Over 170 Countries

Stablecoins have revolutionized cross-border payments with speed and low cost, but a fundamental barrier remains: converting digital money into physical cash in most parts of the world. On August 11th, global remittance giant MoneyGram announced its "MoneyGram Ramps" crypto-cash service is now live on the Solana blockchain. This allows developers, via a simple API, to connect their applications to MoneyGram's network of nearly 500,000 cash agent locations across over 170 countries. Users can now walk into a local MoneyGram agent to convert their USDC into local currency cash or use cash to purchase USDC for their wallets. Solana wallet Rift is the first to integrate the service. MoneyGram, founded in 1940 and historically second only to Western Union in global remittance volume, was privatized in 2023. Since then, it has accelerated its shift into a fintech platform, opening its compliance capabilities, cash network, and settlement infrastructure as services for developers. Its involvement with crypto is not new, having previously partnered with Ripple, Stellar, and Circle, and even issuing its own stablecoin, MGUSD, on Stellar in 2026. The Ramps API solves a critical physical obstacle to stablecoin adoption. While a USDC transfer from New York to Lagos takes seconds and costs cents on-chain, the recipient often lacks a bank account to access the funds. MoneyGram's extensive physical agent network, prevalent in regions like Sub-Saharan Africa, Southeast Asia, and Latin America, bridges this gap, connecting on-chain dollars to the offline cash-based economy. No crypto-native company could replicate this network quickly. MoneyGram chose Solana for its multi-chain expansion due to its extremely low transaction fees (often less than a cent) and fast confirmation times, making it ideal for small-value, frequent remittances. Solana's developer ecosystem is also geared toward consumer-facing applications. This partnership represents a pragmatic path for stablecoins in everyday remittances. Users don't need to understand blockchain or have a bank account; they simply visit a trusted local agent. The underlying settlement shifts from SWIFT to Solana, but the user experience remains familiar. The true path to stablecoin adoption is being paved by an 85-year-old remittance company, using its physical network to solve the "last mile" problem for crypto.

marsbit08/12 04:31

The Last Mile of Stablecoins: MoneyGram Connects Crypto Wallets to Cash Outlets in Over 170 Countries

marsbit08/12 04:31

MoneyGram expands crypto cash ramps to Solana

Global remittance firm MoneyGram has expanded its Ramps service to the Solana blockchain, enabling wallets, exchanges, and developers on the network to offer cash-to-crypto and crypto-to-cash conversions. Previously only operating on Stellar, Solana is the second blockchain supported. The Solana wallet Rift is the first to integrate the service. MoneyGram, with over 60 million customers and nearly 500,000 locations across 170+ countries, now provides Solana developers access to its payment network via a single API. Ramps supports cash deposits in over 25 countries and withdrawals in over 170. The service is integrated into the Solana Developer Platform, allowing developers to incorporate MoneyGram's fiat on- and off-ramps without building their own banking integrations. This launch is part of MoneyGram's broader plan to deploy Ramps across multiple blockchain ecosystems, following its recent role as a Solana validator and its participation in the Solana Developer Platform.

cointelegraph08/11 20:06

MoneyGram expands crypto cash ramps to Solana

cointelegraph08/11 20:06

Movement, El Vecino and RISE Launch a Digital Dollar Wallet

Payment network Movement, operating on a blockchain, has partnered with remittance service El Vecino and blockchain wallet developer RISE. The collaboration has launched a new service for digital dollar transfers between the United States and Mexico. El Vecino, with 19 years of experience in US-to-Mexico remittances, and RISE, which provides digital wallet infrastructure in Latin America, are leveraging Movement's regulated payment network for fast settlements. The new service enables El Vecino's clients to send money directly via WhatsApp. Recipients in Mexico can collect funds in cash at OXXO and Circle K locations or transfer them to a bank account via the SPEI system. Currently, El Vecino processes approximately 25,000 transfers monthly, with about 85% destined for Mexico. The WhatsApp-based service will initially be tested with 20,000 El Vecino users, with plans to later expand to RISE's network, potentially reaching around 800,000 users. The companies intend to subsequently launch the service in other Latin American countries, including Guatemala and El Salvador.

cryptonews.ru08/10 19:35

Movement, El Vecino, and RISE launch a digital dollar wallet

The blockchain-based payment network Movement has partnered with money transfer service El Vecino and blockchain wallet developer RISE to launch a digital dollar wallet service for remittances between the US and Mexico. El Vecino, with 19 years of experience in US-to-Mexico transfers, will utilize RISE's digital wallet and payment infrastructure for Latin America, while Movement provides the regulated payment network for fast settlement. The new service allows El Vecino's customers to send money via WhatsApp. Recipients in Mexico can collect cash at OXXO and Circle K locations or transfer funds to a bank account via SPEI. Currently handling about 25,000 transfers monthly (85% to Mexico), El Vecino will initially pilot the WhatsApp service with 20,000 users, with plans to later expand to RISE's network, potentially reaching around 800,000 users. The partnership aims to extend the service to other Latin American countries like Guatemala and El Salvador.

cryptonews.ru08/10 18:56