Sending Money Across Borders? Stellar (XLM) Might Be Your New Best Friend
Ever tried sending money to family or friends living overseas? If you have, you probably know the drill. You head to your bank or a money transfer service, fill out forms, figure out exchange rates, and then brace yourself for the fees. Oh, the fees! Sometimes it feels like a chunk of your hard earned cash vanishes into thin air. And then there’s the waiting game. Will it arrive today? Tomorrow? Next week? It can be stressful, especially when that money is needed urgently.
It’s a common headache for millions of people around the world who rely on these international money transfers, often called remittances. For years, we’ve just accepted this slow, expensive process as the norm. But what if I told you there’s a technology brewing that aims to completely change this? What if sending money across borders could be almost instant, incredibly cheap, and much simpler? That’s where something called Stellar, and its digital currency XLM, comes into the picture. It sounds a bit futuristic, I know, but stick with me. We’re going to explore how this technology has the potential to make sending money home, or anywhere internationally, a whole lot easier and fairer for everyone.
What Exactly is Stellar (XLM) and Why Should You Care About It for Remittances?
Okay, let’s dive in. You hear “cryptocurrency” and maybe your mind jumps to Bitcoin or stories of overnight millionaires (and maybe some big losses too!). But Stellar is a bit different. While it uses similar underlying technology, called blockchain or more accurately, distributed ledger technology (DLT), its main goal isn’t really about being digital gold or a speculative investment. Stellar was built with a very specific purpose in mind: making money move across the globe quickly, reliably, and super affordably. Think of it less like digital cash and more like a set of super efficient, global payment rails designed for everyone, from big banks to individuals sending fifty bucks home.
Unpacking Stellar: More Than Just Another Crypto
So, what is Stellar at its core? Imagine a global network of computers, all working together to keep track of who owns what and facilitating payments. It’s decentralized, meaning no single company or government controls it entirely. This network was created back in 2014 by Jed McCaleb (who also co founded Ripple, another payment focused crypto project) and Joyce Kim, through the non profit Stellar Development Foundation (SDF). The SDF’s mission is clear: unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. They aren’t trying to replace existing currencies like the US dollar or the Euro; instead, they want to connect all the different financial systems that exist today, making them work together seamlessly.
How does Stellar achieve its speed and low cost? Unlike Bitcoin, which uses a process called “Proof of Work” (PoW) that requires massive amounts of computing power and energy to validate transactions, Stellar uses something unique called the Stellar Consensus Protocol (SCP). Now, the technical details can get complex, but here’s the gist: SCP allows the network to agree on the validity of transactions much faster and more efficiently. Instead of a global race involving complex math problems like Bitcoin, selected trusted nodes (computers on the network) quickly confer and agree on the transaction order. This means transactions on the Stellar network typically confirm in just 3 to 5 seconds. That’s faster than your credit card swipe sometimes! And because it’s so efficient, the cost is tiny – we’re talking fractions of a penny per transaction. Seriously, the fee is currently set at 0.00001 XLM. Even if XLM’s price went up significantly, the fee would remain incredibly small.
Now, where does XLM, also known as Lumens, fit in? XLM is the native digital asset of the Stellar network. It plays a few key roles:
Transaction Fees: As mentioned, every transaction requires a tiny fee paid in XLM. This helps prevent spamming of the network. Because the fee is so low, it doesn’t impact the cost effectiveness of remittances.
Account Minimums: To use the Stellar network, an account needs to hold a very small minimum balance of XLM. This also helps deter network clutter. Currently, it’s 1 XLM.
Bridge Currency: This is a cool one. XLM can act as a bridge between two different currencies if there isn’t a direct market between them on the network. For example, if you want to send Ugandan Shillings and the recipient needs Argentine Pesos, Stellar can automatically route the payment through XLM (Shillings -> XLM -> Pesos) if that’s the cheapest path. This happens behind the scenes, making complex multi currency transactions simple.
It’s important to understand that while you *can* buy and trade XLM like other cryptocurrencies, its primary design function within the Stellar ecosystem is utility – making the network run smoothly and facilitating these low cost, fast cross border payments. The focus isn’t on XLM becoming the world’s next reserve currency, but on the Stellar network becoming the go to plumbing for moving value globally.
The Headache of Traditional Remittances: Why We Need a Change
To truly appreciate what Stellar offers, let’s take a closer look at the pains of the current system for sending money internationally. If you’ve ever sent money abroad, some of this will sound painfully familiar. The global average cost of sending $200 was around 6% in late 2023, according to the World Bank. That means $12 vanished just to send $200! And that’s just the average; some corridors, especially in regions like Sub Saharan Africa, can see fees well over 8% or even 10%. Twelve dollars might not sound like a fortune, but for families relying on that $200 for essentials like food, medicine, or school fees, it’s a significant loss.
Where do these costs come from? It’s often a combination of things:
Upfront Transfer Fees: This is the fee the bank or money transfer operator (MTO) charges directly for the service. It can be a flat fee or a percentage of the amount sent.
Foreign Exchange (FX) Markups: This is often a hidden cost. Services rarely give you the real mid market exchange rate (the one you see on Google). Instead, they offer a less favorable rate, pocketing the difference. This spread can add several percentage points to the total cost without you even realizing it’s a fee.
Intermediary Bank Fees: For traditional bank wires (like SWIFT transfers), your money might pass through several intermediary or correspondent banks before reaching the recipient’s bank. Each of these banks might take a small cut, further reducing the amount received.
Receiving Fees: Sometimes, the recipient’s bank might even charge a fee just to receive the international transfer.
Beyond the cost, there’s the issue of speed. Traditional international bank transfers can often take 3 to 5 business days to complete. Sometimes longer if there are holidays or weekends involved, or if compliance checks cause delays. Imagine needing to send money urgently for a medical emergency – waiting nearly a week is simply not practical. Even supposedly faster MTOs can sometimes take hours or even a day or two, depending on the destination country and payout method.
Then there’s the lack of transparency. Often, once you send the money, it enters a sort of black box. You might not know exactly where it is in the process or precisely when it will arrive. Delays can happen without clear communication, adding to the anxiety.
Finally, accessibility is a huge barrier. Traditional methods usually require both the sender and the receiver to have bank accounts. This automatically excludes billions of people globally who are unbanked or underbanked, particularly in developing countries. While MTOs offer cash pickup options, these often involve traveling to specific agent locations, which might be far away or have limited operating hours. They also still carry significant fees.
All these factors – high cost, slow speed, lack of transparency, and limited access – mean the current system isn’t serving the needs of many people who rely on international money transfer. It disproportionately affects lower income individuals and those in developing nations, where remittances form a crucial part of the economy and household income. This is precisely the problem that Stellar is trying to solve.
How Stellar Steps In: The Superhero for Sending Money?
Now, let’s connect the dots. How do Stellar’s features directly address the pain points of traditional remittances?
Speed kills delays: We talked about Stellar transactions confirming in 3 5 seconds. This isn’t just the time it takes for the transaction to be recorded on the Stellar ledger; it’s the foundation for near instant settlement. While the final step of getting fiat currency into the recipient’s hands might take slightly longer depending on the partners involved, the core transfer of value across borders happens almost instantaneously. Compare this to the days long wait with traditional systems. This speed is revolutionary for urgent needs.
Cost savings are huge: Remember that 0.00001 XLM transaction fee? It’s practically negligible. The main costs when using Stellar for remittances would come from the services that connect the Stellar network to traditional fiat currencies (we’ll talk about these ‘Anchors’ next). However, because the underlying network transfer is so cheap, these services can operate much more cost effectively than traditional players relying on complex correspondent banking networks. This translates to significantly lower overall transaction fees for the end user, potentially saving billions globally each year that could go directly to recipients.
Global reach through Anchors: Stellar doesn’t exist in a vacuum. It needs bridges to the traditional financial world. These bridges are called Anchors. Anchors are regulated financial institutions, fintech companies, or MTOs that are integrated with the Stellar network. They perform a crucial function: they issue digital tokens on the Stellar network that represent real world fiat currencies (like a token for USD, EUR, NGN, PHP, etc.). They hold the actual fiat currency in reserve, backing the tokens 1:1. Anchors allow users to deposit traditional currency and receive the equivalent digital token on Stellar (the ‘on ramp’), and also allow users to redeem these digital tokens back into traditional currency in their local area (the ‘off ramp’). Think of them as the on/off ramps connecting the super fast Stellar highway to your local financial streets. Examples could be a licensed money transmitter issuing USDC (a popular stablecoin) or a local bank in Mexico issuing a digital Mexican Peso token (MXN). This anchor network allows Stellar to support transactions between many different currencies across various payment corridors.
Transparency by design: All transactions on the Stellar network are recorded on its public, distributed ledger. While personal identities aren’t directly exposed, the flow of transactions is visible. This provides a level of traceability that is often missing in the opaque correspondent banking system. Users and services can verify that a transaction has occurred and been settled on the network almost instantly.
Accessibility potential: Because Stellar is fundamentally digital, it can integrate easily with mobile apps and digital wallets. This opens the door to providing financial services to the unbanked population who may have access to a smartphone but not a traditional bank account. Users could potentially hold different currency tokens in a single Stellar compatible wallet, send money globally with a few taps, and cash out through a local Anchor’s network (which might include bank transfers, mobile money top ups, or even cash pickup points).
Stablecoins for stability: A common concern with using cryptocurrencies for payments is price volatility. Sending $100 worth of a volatile crypto might mean the recipient gets only $95 if the price drops during the transfer. Stellar brilliantly addresses this through its support for stablecoins. Anchors can issue tokens pegged 1:1 to fiat currencies, like USD Coin (USDC on Stellar), EURT (Euro token), etc. When you send remittances using a stablecoin on Stellar, you’re sending a digital representation of a stable fiat currency. $100 sent as USDC arrives as $100 worth of USDC (minus the tiny network fee and any minimal Anchor service fees). This removes the exchange rate volatility risk during the transfer itself, making it ideal for predictable remittances.
In essence, Stellar provides the underlying infrastructure – the fast, cheap, global rails – while its ecosystem of Anchors provides the necessary connections to the currencies and local payment systems people use every day. It’s this combination that holds immense potential to transform the world of remittances.
Real World Magic: How Stellar is Already Changing the Remittance Game
Talking about potential is one thing, but is Stellar actually being used for remittances today? Absolutely. The network isn’t just a theoretical concept; it’s live, operational, and powering real world cross border payments through a growing ecosystem of partners. Companies are leveraging Stellar’s speed and low cost to offer better remittance services, challenging the old, expensive ways of sending money.
Beyond Theory: Stellar Anchors and Partners in Action
The key players making this happen are the Stellar Anchors we mentioned earlier. These aren’t just abstract ideas; they are real businesses building bridges between Stellar and traditional finance. Let’s look at some concrete examples of how Stellar is being used:
MoneyGram International: This is a huge one. MoneyGram, a global leader in cross border P2P payments and money transfers, has integrated with the Stellar network. This partnership allows users to send money internationally using USDC on Stellar, and recipients can cash out that USDC into their local currency at participating MoneyGram locations around the world. Imagine sending stable digital dollars across Stellar nearly instantly and cheaply, and your family being able to walk into a local MoneyGram agent minutes later to pick up cash. This leverages MoneyGram’s extensive physical network while using Stellar’s efficient rails for the cross border leg. It directly tackles both the speed and access problems, especially for recipients who prefer or need cash. Users can also load cash into their digital wallets at MoneyGram locations to get USDC on Stellar, creating a vital cash on ramp. This collaboration showcases how Stellar can work *with* established players to improve services.
Tempo Money Transfer: Tempo, a European licensed money transfer operator, uses Stellar to facilitate remittances primarily between Europe and other regions like the Philippines and Africa. They issue EUROT, a Euro backed stablecoin on the Stellar network. Senders in Europe can use Tempo to convert Euros into EUROT, send it via Stellar, and the recipient can receive funds in their local currency through Tempo’s payout network. This significantly reduces the cost and time compared to traditional bank transfers from Europe.
Stablecorp (Canada): This Canadian fintech venture, backed by major players, issues VCAD, a Canadian dollar stablecoin on Stellar. This allows for efficient movement of Canadian dollars within the digital asset ecosystem and potentially facilitates lower cost remittances involving Canada. It demonstrates the growing number of fiat currencies being represented digitally on Stellar.
FinClusive (USA): FinClusive provides compliance focused services (like KYC/AML Know Your Customer/Anti Money Laundering checks) integrated with digital payments, including Stellar based transactions. This helps ensure that cross border payments facilitated through Stellar meet regulatory requirements, building trust and legitimacy, which is crucial for widespread adoption, especially by financial institutions.
Latin American Anchors: Several companies in Latin America are acting as anchors, facilitating remittances within the region and from North America. For instance, anchors might issue digital tokens representing the Brazilian Real (BRL) or Argentine Peso (ARS), allowing users to send funds quickly and cheaply between these countries or from the US, bypassing costly traditional methods. This is particularly important in regions where intra regional transfers can sometimes be surprisingly expensive.
How does a typical remittance transaction work using a Stellar based service like one of these? Let’s break down a hypothetical example of sending money from the US to the Philippines:
Sender Initiates: Maria in the US wants to send $200 to her cousin Jose in the Philippines. She uses a Stellar integrated wallet or a partner service like MoneyGram online.
On Ramping: Maria deposits $200 USD. The service (acting as an Anchor) converts this into $200 worth of USDC (a USD stablecoin) on the Stellar network. A small service fee might be applied here, but it’s transparent.
Stellar Transfer: The $200 USDC is sent across the Stellar network to the digital wallet address associated with Jose or the receiving Anchor in the Philippines. This transfer takes about 5 seconds and costs a fraction of a cent in XLM (usually covered by the service fee).
Off Ramping: The Philippine Anchor receives the USDC. It instantly knows the value is $200 USD. It converts this USDC into Philippine Pesos (PHP) based on a competitive, transparent exchange rate.
Payout: The Anchor makes the PHP available to Jose. This could be via direct deposit to his local bank account, transfer to a mobile money wallet (like GCash), or for cash pickup at a partner location (like a MoneyGram branch or a local pawnshop partnered with the Anchor). The time for this final step depends on the chosen payout method but is often much faster than traditional systems because the cross border settlement already happened instantly on Stellar.
Throughout this process, the user benefits from greater transparency on fees and exchange rates, near instant cross border settlement, and potentially much lower overall costs compared to sending $200 via a traditional bank wire or even some older MTOs. The use of stablecoins like USDC ensures that Jose receives the intended value, unaffected by crypto price swings.
Stablecoins on Stellar: The Game Changer for Value Transfer
We’ve touched on stablecoins, but let’s emphasize why they are so critical for making Stellar a truly viable remittance platform. While you *could* technically send remittances using XLM itself, the price of XLM, like most cryptocurrencies, can fluctuate. Sending $200 worth of XLM might result in the recipient getting $190 or $210 depending on market movements during the transfer and payout process. This volatility is unacceptable for people relying on exact amounts for living expenses.
Stablecoins solve this problem elegantly. Assets like USDC on Stellar are designed to maintain a stable value pegged to a major fiat currency, typically the US dollar. They achieve this stability through several mechanisms, primarily by being fully backed by reserves. Circle, the issuer of USDC, holds an equivalent amount of US dollars and highly liquid assets in segregated accounts for every USDC token in circulation. These reserves are regularly audited by third party accounting firms to ensure transparency and solvency. This backing gives users confidence that 1 USDC can generally be redeemed for 1 USD.
By using stablecoins for the actual value transfer across the Stellar network:
Senders know exactly how much value they are sending. $200 sent as USDC remains $200 worth of value during the cross border transit.
Recipients know exactly how much value they will receive (before the final conversion to their local currency). This predictability is crucial for budgeting and financial planning.
Businesses using Stellar can manage their cash flow without worrying about crypto volatility affecting the value of payments in transit.
Stellar was designed from the ground up to support the creation and movement of *any* kind of asset token, making it an ideal platform for stablecoins. Multiple anchors can issue stablecoins representing various world currencies (USD, EUR, CAD, NGN, PHP, etc.) all on the same network. This allows users to hold and transact in digital versions of the currencies they are most comfortable with, all while benefiting from Stellar’s speed and low cost. The seamless integration of stablecoins, particularly globally recognized ones like USDC, directly addresses one of the biggest hurdles for using blockchain technology for everyday payments and makes Stellar exceptionally well suited for the remittance market.
Reaching the Unbanked: Stellar’s Role in Financial Inclusion
Perhaps one of the most profound potentials of Stellar lies in its ability to promote financial inclusion. As mentioned earlier, billions of people lack access to basic banking services. However, mobile phone penetration, including smartphones, is rapidly increasing even in underserved regions. Stellar, being a digital first network, is perfectly positioned to leverage this.
How can Stellar help the unbanked and underbanked?
Mobile First Access: Stellar compatible wallets can run on basic smartphones. These wallets can hold various digital assets, including stablecoins representing local or foreign currencies. This allows someone without a bank account to effectively have a digital account capable of receiving international payments directly.
Bypassing Traditional Infrastructure: For someone in a remote village without a nearby bank branch, receiving a traditional wire transfer is impossible. Receiving a remittance via a Stellar powered wallet on their phone, however, becomes feasible.
Lowering Barriers to Entry: Opening a bank account often involves extensive paperwork, minimum balance requirements, and fees. Accessing a Stellar based digital wallet can be much simpler and cheaper, sometimes only requiring a phone number or basic identification for certain levels of service (following local regulations).
Integration with Local Payment Methods: Crucially, Stellar Anchors can connect these digital wallets to locally relevant payout methods. This might include:
Direct transfers to mobile money accounts (like M Pesa in Kenya, GCash in the Philippines), which are widely used in many developing countries.
Cash pickup points at local shops, post offices, or MTO agent locations integrated with the Anchor network.
Potentially even direct top ups for utilities or groceries through partner merchants.
This creates a pathway for remittance funds sent via Stellar to reach recipients who were previously excluded from the formal financial system. It empowers them by giving them more control over their money, reducing reliance on informal or expensive alternatives, and potentially opening doors to other digital financial services built on the same infrastructure.
Of course, challenges remain. Ensuring easy cash out options (the ‘last mile’) in remote areas is critical. User education is needed to help people understand and trust digital wallets and stablecoins. Regulatory frameworks need to adapt to accommodate these new technologies responsibly. However, the potential impact is enormous. By drastically lowering the cost and increasing the accessibility of cross border payments, Stellar based solutions can leave more money in the pockets of families who need it most, acting as a powerful tool for economic empowerment in developing countries.
Looking Ahead: Challenges and the Bright Future of Stellar Remittances
While the potential of Stellar for revolutionizing remittances is undeniable, and real world applications are already proving its value, it’s important to have a balanced perspective. Like any emerging technology aiming to disrupt established systems, Stellar faces hurdles on its path to widespread adoption. Understanding these challenges, alongside the ongoing developments, gives us a clearer picture of what the future might hold.
Hurdles to Overcome: What Stands in Stellar’s Way?
Several factors could influence the speed and scale of Stellar’s success in the remittance space:
Regulatory Uncertainty: This is perhaps the biggest elephant in the room for the entire crypto and blockchain industry. Rules regarding digital assets, stablecoins, money transmission, and cross border payments vary significantly from country to country and are constantly evolving. Anchors operating on Stellar need to navigate complex licensing and compliance requirements in every jurisdiction they serve. Regulators are still figuring out how to classify and oversee these new technologies. A lack of clear, consistent global regulation can slow down innovation and make financial institutions hesitant to fully embrace solutions like Stellar. Ensuring robust compliance (like the work FinClusive does) is vital, but the shifting landscape remains a challenge.
Adoption and Network Effects: For Stellar to be truly effective, it needs a large and diverse network of Anchors covering many countries and currencies. While the network is growing, it still needs broader participation from banks, MTOs, and fintechs worldwide to achieve truly global coverage and seamless interoperability. Furthermore, end user adoption is key. People need to trust and feel comfortable using Stellar powered wallets and services. Overcoming inertia and convincing users to switch from familiar (even if inefficient) methods requires significant effort in marketing, education, and building user friendly interfaces. The value of a network increases exponentially with the number of participants – achieving this critical mass is an ongoing process.
User Experience (UX): While the underlying technology is powerful, the front end experience for the average user needs to be incredibly simple and intuitive. Dealing with wallet addresses, understanding stablecoins vs. XLM, and navigating on/off ramps can still be intimidating for non tech savvy individuals. While partners like MoneyGram provide a familiar interface, purely digital wallet based solutions need to continuously improve their UX to match the simplicity users expect from modern financial apps. Making the process feel as easy as using Venmo or PayPal, but for international transfers, is the goal.
Scalability and Performance: Stellar is designed for speed and efficiency, capable of handling thousands of transactions per second. Its consensus mechanism (SCP) is generally considered more scalable and less energy intensive than Bitcoin’s Proof of Work. However, if Stellar were to capture a significant portion of the massive global remittance market (trillions of dollars annually), the network would face immense transaction volume. While theoretical limits are high, ensuring consistent performance, reliability, and low fees under such sustained heavy load is an ongoing engineering consideration. The network needs to prove it can scale efficiently without compromising its core benefits.
Competition: Stellar isn’t the only player trying to improve cross border payments. Traditional players like SWIFT are working on upgrades (e.g., SWIFT Go, SWIFT gpi). Fintech companies like Wise (formerly TransferWise) and Remitly have already captured significant market share by offering cheaper and faster online transfers than banks (though still often relying on traditional rails). Other blockchain projects, notably Ripple (XRP), also focus heavily on cross border payments and partnerships with financial institutions. Stellar needs to continuously innovate and demonstrate clear advantages in cost, speed, and accessibility to compete effectively against both established and emerging alternatives.
Bridging the Last Mile: While digital wallets are great, many remittance recipients still rely on cash. Ensuring a wide network of reliable and affordable cash out points through Anchors, especially in rural or less developed areas, remains a crucial logistical challenge for achieving true financial inclusion.
The Road Ahead: Why We’re Still Excited About Stellar
Despite these challenges, there are many reasons to be optimistic about Stellar’s future in the remittance space. The Stellar Development Foundation (SDF) is actively working to foster growth and address the hurdles:
Ecosystem Growth: The SDF actively supports developers and businesses building on Stellar through grants, technical assistance, and community building. They are focused on expanding the Anchor network, attracting more financial institutions, and supporting the development of user friendly applications. The partnership with MoneyGram is a testament to their success in bridging the gap with traditional finance. Continued growth in high quality Anchors across key payment corridors is a major priority.
Technological Advancements: The Stellar protocol itself continues to evolve. The SDF and the developer community work on upgrades to enhance network capabilities, security, and efficiency. This includes exploring ways to further improve scalability, potentially integrating new privacy features (while maintaining compliance), and making it even easier for developers to build on the platform.
Focus on Stablecoins: Recognizing their importance, there’s a strong focus on supporting and expanding the use of reliable, regulated stablecoins like USDC on Stellar. This builds trust and provides the stability needed for remittances and other real world financial applications. Expect to see more fiat currencies represented by high quality stablecoins on the network.
Potential CBDC Integration: Stellar’s design, which allows for the issuance and management of various digital assets, makes it potentially well suited for interacting with Central Bank Digital Currencies (CBDCs) if and when they become widespread. Stellar could potentially act as an interoperability layer or platform for CBDC based cross border payments in the future.
Strong Community and Mission: Stellar has a vibrant community of developers, businesses, and users aligned with its core mission of creating equitable access to the global financial system. This shared vision drives innovation and collaboration within the ecosystem. The non profit nature of the SDF also helps align its goals with public interest rather than pure profit maximization.
Proven Track Record: Stellar isn’t brand new. It has been operating reliably for years, processing millions of transactions. Its technology is battle tested, and its partnerships demonstrate its real world utility. This track record builds confidence for future growth.
The journey to transform a system as entrenched as global remittances won’t happen overnight. It requires persistent effort in building technology, fostering partnerships, navigating regulations, and educating users. However, Stellar’s fundamental design – focused on speed, low cost, and asset issuance – makes it uniquely suited for this task. Its ability to seamlessly integrate traditional finance through Anchors and leverage the stability of assets like USDC provides a practical and powerful solution to the long standing problems of international money transfer.
The potential impact goes beyond just saving money on fees. It’s about empowering individuals, boosting local economies, and fostering greater financial inclusion for millions who have been underserved by the current system. It’s about making the movement of money as easy and fluid as sending an email.
So, while challenges remain, the trajectory looks promising. Stellar has laid a strong foundation, built crucial partnerships, and continues to innovate. Its role in shaping a faster, cheaper, and more accessible future for global payments, especially remittances, seems increasingly likely.
In a Nutshell: Sending money internationally has traditionally been slow and expensive, hitting those who rely on remittances the hardest. Stellar (XLM) offers a powerful alternative. It’s a blockchain based network built specifically for fast, super cheap cross border payments. Through its network of partners called Anchors and the use of stable digital dollars like USDC on Stellar, it allows money to move across borders in seconds, costing fractions of a penny. This system is already being used by companies like MoneyGram to offer better services, potentially saving users significant money and time, and holds huge promise for bringing financial inclusion to the unbanked via mobile wallets.
Your Move: The world of finance is changing rapidly, and technologies like Stellar are leading the charge towards a more open and equitable system. Don’t let old, expensive methods chip away at your hard earned money or delay vital support for your loved ones. If you send or receive money internationally, it’s worth exploring services that leverage these new rails. Ask your current provider about their fees and speeds, look into Stellar powered options like those offered through MoneyGram, or explore different Stellar compatible digital wallets. Learning more empowers you to choose the best way to move your money. The future of faster, cheaper global payments is arriving – isn’t it time you took advantage of it?
