🧵 Stellar + MoneyGram 🤝
500,000 locations worldwide.
Stablecoins are often described as digital cash.
But what happens when digital dollars can be converted into physical cash almost anywhere in the world?
That is exactly what @StellarOrg and @MoneyGram are building.
👇
Through MoneyGram’s integration with Stellar, traditional cash infrastructure and blockchain-based finance begin to merge.
For millions of people, access to financial services still starts with banknotes, not bank accounts.
With MoneyGram Access on Stellar, users can walk into a MoneyGram location, deposit cash and receive $USDC or $MGUSD in their wallet within minutes.
The process also works in reverse.
Someone can send stablecoins anywhere in the world, and the recipient can collect local currency in cash from a nearby MoneyGram location.
No bank account required.
No exposure to crypto volatility.
Just digital dollars moving across Stellar and cash available almost immediately.
@MoneyGram operates more than 500,000 retail locations worldwide.
For perspective, that is more locations than Walmart, 7-Eleven, McDonald’s and Subway combined.
And Stellar transactions settle in seconds for a fraction of a cent.
For years, crypto promised to bank the unbanked.
Stellar may be taking a different approach.
Instead of replacing cash, it is connecting cash to the digital economy.
Stablecoins.
Remittances.
Tokenized assets.
Machine payments.
And now one of the largest physical cash networks on the planet.
@StellarOrg is quietly assembling the rails for people today and, perhaps one day, autonomous machines.
