The post Stablecoin Remittance App VirgoPay to Launch Soon with Vaulta appeared on BitcoinEthereumNews.com.

Stabecoin Remittances:- In an exciting development for the growing adoption of stablecoins, VirgoPay, a subsidiary of VirgoCX Global Holdings, has announced a strategic partnership with Vaulta, formerly known as EOS.  To enhance its stablecoin-based remittance services, both of the Canada-based Web3 firms are set to launch VirgoPay, a stabelcoin- supported remittance application. Cross-border payments have historically been slow, expensive, and often inaccessible, particularly in regions lacking stable banking infrastructure. The to-be-launched VirgoPay intends to tackle these issues by leveraging stablecoins to provide faster, more affordable, and secure financial solutions.​ VirgoPay – the stablecoin based remittance network Scheduled for the launch in May 2025, VirgoPay aims to simplify the process of sending funds or money particularly in the form of remittances, across borders by global users. VirgoPay will allow users to add funds using any traditional local payment methods such as bank transfers, e-transfers, and card processing, or directly from a cryptocurrency wallet. They can select then their preferred currency and track the status of their payments in real-time post-transaction. On the other end, recipients will have access to the funds in their chosen currency upon completion of the transaction. And by integrating Vaulta’s high-throughput blockchain infrastructure – which will serve as the default transaction and settlement layer for VirgoPay – it aims to settle these payments in seconds rather than days. Virgo expects to process more than 2 billion Canadian dollars through its over-the-counter (OTC) platform by 2025. Source Notably, EOS blockchain network’s digital coin had been struggling for 7 years – losing more than 100% of its value from ATH. However, it has witnessed a considerable surge after EOS rebranded to Vaulta on March 19 this year. Remittance as the Evolving Usecase of Stablecoin Stablecoins are increasingly utilized for cross-border payments and remittances due to their efficiency and cost-effectiveness.…

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Filed under: News - @ April 5, 2025 12:21 pm