TruBit & MoneyGram Team Up to Bring Crypto Cash Services to LATAM 🚀�*

TruBit, a leading crypto payment platform in Latin America, has partnered with MoneyGram Access™ to launch a global on/off-ramp service for digital assets. Powered by Stellar’s blockchain, this new solution allows users to easily convert between cash and crypto across key LATAM markets, including Mexico, Argentina, Brazil, and Colombia.

With Latin America receiving over $82 billion in annual remittances, this initiative bridges the gap between traditional finance and digital assets—making cross-border transactions more accessible, affordable, and efficient.

How It Works 🔄�*

💵 Deposit Cash → Crypto: Users can convert fiat to USDC at participating MoneyGram locations and load it into their TruBit wallets.
🏧 Withdraw Crypto → Cash: USDC can be converted back into local currency at key locations, including:

• Mexico: OXXO
• Argentina: Cobro Express
• Colombia: Bancolombia
  🔗 Fast & Low-Cost: Transactions happen on Stellar’s blockchain, known for its speed, low fees, and scalability.

By leveraging USDC, users benefit from a stable and reliable digital currency, enabling seamless cross-border transactions without exposure to crypto volatility.

Why This Matters for LATAM 🌎�*

Latin America heavily relies on cash, creating barriers to financial inclusion. This partnership:

✔️ Simplifies crypto access – Users can easily cash in and out of crypto, bridging the gap between digital assets and the real-world economy.
✔️ Enables cheaper remittances – Reduces transfer costs compared to traditional banking and money transfer services.
✔️ Expands financial inclusion – Millions of people without bank accounts can now access digital finance solutions.

Maggie Wu, CEO of TruBit, called it a "major breakthrough in bridging cash and digital assets."

Stellar’s Role: Why Blockchain? �*

Stellar’s blockchain is the backbone of this new service, offering:

⚡ Fast Transactions – Near-instant money transfers.
💰 Low Fees – Transactions cost just fractions of a cent.
🌱 Sustainability – Energy-efficient blockchain design.

With billions of transactions processed globally, Stellar is one of the most widely adopted blockchains for payments and financial services.

Industry Reactions �*

💬 Maggie Wu, CEO of TruBit:
"By working with MoneyGram, we're making it easier for users in LATAM to access and manage their digital assets securely, improving financial inclusion for the entire region."

💬 Stellar Development Foundation:
"This launch represents a critical step in merging traditional finance with blockchain technology, providing people with a more efficient and secure way to access digital finance."

TL;DR: Key Takeaways �*

• TruBit & MoneyGram launch a crypto cash-in/out service in LATAM, powered by Stellar’s blockchain.
• Users can deposit & withdraw USDC at MoneyGram locations, including OXXO, Cobro Express, and Bancolombia.
• Stellar’s blockchain enables fast, low-cost transactions, making cross-border payments cheaper and more accessible.
• Helps bridge the cash economy with digital assets, improving financial inclusion in LATAM.

This marks a major step forward for crypto adoption in Latin America—bringing blockchain-powered financial services to the masses. 🚀💸