Zebec Network, in collaboration with the Stellar Development Foundation and MoneyGram, has integrated the MoneyGram Ramps service into its corporate payroll platform. Now, employees and contractors receiving payments through Zebec on the Stellar network can exchange digital assets for local currency via the MoneyGram network.
Zebec is a blockchain platform for organizing payroll and payments. The company's Stellar-based solution allows employers to pay employees and contractors in stablecoins. Funds are sent to the recipient's digital wallet as they are earned. They can be stored, transferred, spent using supported Zebec cards, or exchanged for local currency.
MoneyGram has become the first service for withdrawing funds into fiat money available in the Zebec payroll system built on Stellar. Users will be able to exchange $USDC for local currency at participating MoneyGram locations in more than 170 countries and territories—provided the service is available in the respective country and local regulatory norms are met.
A bank account is not required to use the service. MoneyGram Ramps supports buying and selling $USDC through compatible wallets and applications on the Stellar network.
Image: Magnific
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