Zebec and MoneyGram Expand Enterprise Payroll with Global Fiat Off-Ramp Access on the Stellar Network

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Postmedia has not reviewed the content. by Business Wire Zebec and MoneyGram Expand Enterprise Payroll with Global Fiat Off-Ramp Access on the Stellar NetworkAuthor of the article:Built on the Stellar network’s payment rails, Zebec’s enterprise payroll integrates MoneyGram Ramps as its first fiat off-ramp, connecting stablecoin payroll with local-currency access worldwide.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountNEW YORK — Zebec Network, the Stellar Development Foundation and MoneyGram announced the integration of MoneyGram Ramps into Zebec’s enterprise payroll platform. MoneyGram is the first fiat off-ramp through Zebec’s Stellar network payroll experience, connecting employees and contractors to cash for everyday transactions through MoneyGram’s global payments network.Zebec’s native deployment on the Stellar network enables employers to stream employee and contractor payments in stablecoins. Recipients can receive funds into digital wallets as payroll accrues and retain or transfer digital value, spend through supported Zebec card products, or access funds across the globe in local currency through participating MoneyGram locations, subject to availability and applicable law.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againMoneyGram Ramps enables supported wallets and applications to facilitate USDC cash-in and cash-out on the Stellar network. Through MoneyGram’s vast network of retail locations, users can convert eligible digital-dollar balances into local currency at participating locations in more than 170 countries and territories without requiring a traditional bank account.“The Stellar network provides the payments infrastructure, MoneyGram extends that infrastructure into local fiat access, and Zebec brings the employer and recipient experience together,” said Simon Babakhani, CEO of Zebec Network.Zebec Network is a real-time payroll and payments infrastructure company powering programmable value flows for businesses and consumers.The Stellar network is an open source blockchain designed for payments, asset issuance, and cross border financial access. Stellar connects financial infrastructure globally through fast, low cost transactions and supports a growing ecosystem of stablecoin, remittance, and institutional payment applications.MoneyGram is a global payments network that enables seamless money transfers through a digitally powered, omnichannel platform supporting both fiat and stablecoin transactions. Backed by over 85 years of trust, the company delivers fast, reliable cross-border financial solutions for consumers, developers and agents worldwide.We serve over 60 million customers globally through nearly half a million retail locations and a rapidly expanding digital ecosystem reaching billions of devices. As one of the most recognized and trusted names in global payments, MoneyGram continues to reinvent how money moves, helping people around the world support their loved ones and build better futures.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.