VirgoCX and Vaulta collaborate on stablecoin-based remittance network to reduce fees and transfer times.

From Yahoo Finance: 2025-04-07 09:10:00

VirgoCX partners with Vaulta to launch VirgoPay, a stablecoin-based cross-border remittance network aiming to reduce fees and transfer times for international payments. Users can fund transactions through local payment methods or cryptocurrency wallets, supporting a selection of fiat currencies. The network targets up to a 70% reduction in fees and aims to complete transfers in minutes. Phase one connects financial hubs in the US, Hong Kong, Canada, Argentina, Brazil, and Australia, with plans to expand into South America, Southeast Asia, and the Middle East in phase two. Vaulta’s blockchain enables direct access to cross-border payments for users via VirgoPay, aligning with their vision for Web3 Banking.



Read more at Yahoo Finance: Vaulta, VirgoCX partner to launch stablecoin-based remittance network