Vaulta partners with Virgo to launch stablecoin-based cross-border money transfer network VirgoPay

Web3 banking operating system Vaulta and digital asset service provider Virgo have announced a partnership to launch VirgoPay, a stablecoin cross-border remittance network, which is expected to go live in May. The platform can reduce the traditional transfer time from days to minutes and reduce the processing fee by up to 70%. Users can top up through banks, telegraphic transfers, crypto wallets, etc., and choose from a variety of fiat currencies to receive money. The first phase of the service will cover the United States, Hong Kong, Canada, Argentina, Brazil and Australia, with plans to expand to South East Asia and the Middle East in the future.