Remitly plans integration of stable coins in global payment system for acceleration and cost optimization of international money transfers

Remitly plans integration of stable coins in global payment system for acceleration and cost optimization of international money transfers

remitly wants to integrate stable coins into its global payment network

remitly, a leading company in the area of international money transfers, plans to integrate stable coins into its global payment network. This measure aims to significantly improve the speed and cost efficiency of international money transfers.

stablecoins that represent a stable currency class could play a crucial role in optimizing cross -border payments. By using stable coins, transactions can be carried out faster because they are not subject to the same volatility fluctuations as other cryptocurrencies. This offers both the users of remitly and recipients higher planning security and reduces risks associated with exchange rate changes.

The integration of stablecoins could also reduce the costs for international money transfers. Many traditional financial institutions collect high fees for cross -border payments, which often increases the use of money transfer services. With the implementation of stable coins into his payment network, remitly could counteract these fees and offer its customers a cheaper alternative.

Overall, Remitly's decision to integrate stable coins is a significant step in the evolution of money transfers. The planned improvements in relation to speed and costs represent an attractive option for consumers who are looking for efficient and secure solutions for international money transfers.