This partnership with @insomniacevents and @avax stretches what feels possible for what we're building at Rain: infrastructure that lets any business put a wallet in its customers' hands and keep the relationship going long after the transaction.
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Just got off stage at Stablecon with @AnthonySoohoo after announcing the @MoneyGram Card.
Anthony calls MoneyGram's embrace of stablecoins a "refounding" of the 85-year-old remittance giant. Proud that Rain is helping bring a key piece of that vision to life.
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Most people know Rain for stablecoin cards.
They let people spend stablecoins at 175M merchant locations, without the merchant needing to know stablecoins are involved.
Global Payouts apply the same idea beyond the point of sale.
Partners can fund payments from a stablecoin balance, while recipients get local currency directly in their bank accounts. They never need to know stablecoins were involved either.
It's another way we're making stablecoins compatible with the global financial system, as a precursor to mass adoption.
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