MoneyGram launches next-generation app in Colombia enabling instant USDC transfers on Stellar blockchain, positioning itself as the largest crypto cash on/off ramp bridging physical and digital payments for financial inclusion.
Anthony Acosta, MoneyGram's new executive, discusses the company's strategy to democratize finance through crypto integration. MoneyGram is launching a next-generation app first in Colombia with rapid expansion to Latin America, enabling instant fund transfers and USDC holdings on Stellar blockchain via Circle partnership. The app integrates WhatsApp notifications and prioritizes user flexibility, allowing customers to hold stablecoins or convert to local currency on demand. MoneyGram positions itself as the bridge between physical retail locations and digital payments, operating across 200+ countries, 20,000 corridors, and 500,000 retail locations. The company aims to scale to tens or hundreds of millions of users within a year, leveraging its dual physical-digital presence as a competitive advantage against digital-only competitors.