MoneyGram launches Visa stablecoin card in Colombia

MoneyGram has launched a Visa stablecoin card in Colombia, giving eligible customers access to dollar-linked balances, card payments and local cash collection. Summary MoneyGram has launched a virtual stablecoin card in Colombia through Visa and Rain infrastructure partners. Customers can hold stable-dollar balances, spend through Visa, or collect local currency through MoneyGram locations. Rain provides card infrastructure, Crossmint supplies wallets, and Stellar supports blockchain transactions for users globally. MoneyGram plans a physical card in late 2026, including ATM withdrawals and in-person purchases worldwide. World Bank data placed debit cards at 3.61%, the lowest average remittance receiving cost measured. MoneyGram’s Sept. 10 announcement said the virtual MoneyGram Card is available through its mobile application. Customers can connect it to Apple Wallet or Google Wallet for online and contactless payments wherever Visa is accepted. The Dallas-based payments company developed the product with stablecoin infrastructure provider Rain. Crossmint supplies wallet technology, while the Stellar network handles blockchain transactions behind the service. Colombia is the first...