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Rain
@raincards
Stablecoin-powered cards and everything needed to support them
0 Following    20.7K Followers
Moto is live. One card for all your needs. Powered by Rain, born on @solana.
Introducing real-time funding. Connect an existing wallet directly to your stablecoin card. Your wallet balance now powers your card spend in real time. No separate balance to manage.
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Happening now at Avalanche Summit: Rain CEO @rooqster and @avax ’s @DominicCarb are discussing a new partnership to keep @insomniacevents' fans engaged all year long. Together, we’re building an onchain loyalty and value strategy that doesn’t stop when the show ends.
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Rain will be at @money2020 in full force. October 18–21 at The Venetian in Las Vegas. Our team will be on the ground talking stablecoin cards, embedded wallets, money movement, and agentic payments. You can also find us off the expo floor. ↓
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The Korean won is now onchain. Rain is adding support for KRW1: the first won-backed stablecoin, issued by BDACS on Avalanche. The partnership will make KRW1 spendable anywhere Visa is accepted. Creating a new way for the won to reach the world.
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Rain and @GalaxyHQ are hosting a stablecoin breakfast. Next Thursday in NYC. With keynotes from Rain, Galaxy, and @JPMorgan, then roundtables with fintech, banking, and payments leaders. Seats are limited. RSVP here:
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See you in London.
November 16, 5 PM. London. Save the date. See you there, @raincards? 👀
We talk a lot about the stablecoin sandwich. Not enough about the stablecoin burrito. Chipotle transactions settled on @altitude cards are growing 2x MoM, funded from stablecoin balances. Chipotle has no idea. @raincards good tech
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Now live from @MoneyGram, @raincards, and @crossmint: The MoneyGram card. Powered by Stellar.
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Great products are built with great partners @raincards provides the card infrastructure. @crossmint powers the wallet layer. @StellarOrg provides the blockchain infrastructure. Thank you to all three teams for helping bring the MG Card to life 🤝
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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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Every global fintech is going to launch a stablecoin based product with a wallet and a card, and Rain continues to be the infrastructure provider of choice for the most scaled and complex businesses. Congratulations to both the @MoneyGram and @raincards teams on today’s announcement.
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The MoneyGram Card is live. MoneyGram spent 85 years building one of the world's largest networks for moving money. Now stablecoins are turning it into a platform where 60M+ active customers can receive, save, and spend. The card completes the loop.
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Everyone is realizing stablecoins are just better money movement. The efficiency and speed is unparalleled and something markets have needed for a long time. It started slowly. Now it’s coming all at once. So much higher.
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Stablecoins are turning the world's largest and most trusted remittance companies into next-generation financial service platforms.
The MoneyGram Card is live. MoneyGram spent 85 years building one of the world's largest networks for moving money. Now stablecoins are turning it into a platform where 60M+ active customers can receive, save, and spend. The card completes the loop.
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The MoneyGram Card is live. MoneyGram spent 85 years building one of the world's largest networks for moving money. Now stablecoins are turning it into a platform where 60M+ active customers can receive, save, and spend. The card completes the loop.
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Stablecoins are fusing with the financial system. Which is key for overcoming the cold start problem. A dollar on the internet is superior to dollars in the traditional system because it can move 24/7 to anyone with an internet connection, unconstrained by banking hours and geography. But traditional currencies and systems have a multi-hundred year head start on distribution. They’re accepted nearly everywhere. Stablecoins are not. @raincards first solved this by fusing stablecoins with traditional card networks to make stablecoins spendable. You buy a cup of coffee, Rain settles with the card networks in stablecoins, while merchants get paid in fiat. @Visa published today that these programs are one of the fastest-growing parts of their network. The model has some obvious advantages: daily settlement makes these programs more capital efficient to run, Rain lets partners launch globally from day one, and critically, none of it requires new behavior from merchants. They don't need to know or care that stablecoins were involved. In other words, stablecoins for efficiency, and traditional systems for reach. Global Payouts as the next step Rain's newest product brings that same philosophy to international payments. Stablecoins on the backend for efficiency, fused with the traditional system for distribution. From a single @USDC balance, you can pay someone in 50 different currencies in 80+ countries. Just as with stablecoin cards, this doesn't force new behavior on the recipient. The payment lands in local currency in their bank account. They don't need to know or care that stablecoins were involved. For businesses that want to launch any kind of global financial service (neobanks, marketplaces, contractor platforms, etc.) this is superior in obvious ways. Historically, getting this kind of coverage could take years of country-by-country expansion. Now it can be done with one Rain integration. On top of that, it often meant holding working capital in every currency you wanted to support. Now, a single stablecoin balance can support payouts in the local currency the recipient already uses, without forcing new behavior on them. Another beautiful fusion between new and old.
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Super excited about this one. If you are a stablecoin neobank, I’d recommend checking this one out. Offramp everything.
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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Launching global financial services used to take a decade. Now it takes a single integration.
Global payouts are live. Pay people and businesses in 50 currencies from a single stablecoin balance. Across 80+ countries. You send stablecoins. They receive local currency. Without ever needing to know stablecoins are involved.
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Global payouts are live. Pay people and businesses in 50 currencies from a single stablecoin balance. Across 80+ countries. You send stablecoins. They receive local currency. Without ever needing to know stablecoins are involved.
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