Zebec Network, the Stellar Development Foundation and MoneyGram announced the integration of MoneyGram Ramps into Zebec's enterprise payroll platform. MoneyGram is the first fiat off-ramp through Zebec's Stellar network payroll experience, connecting employees and contractors to cash for everyday transactions through MoneyGram's global payments network. Zebec's native deployment on the Stellar network enables employers to stream employee and contractor payments in stablecoins.
Zebec and MoneyGram expand enterprise payroll with global fiat off-ramp
MoneyGram is first fiat off-ramp through Zebec's Stellar network payroll
Employees receive stablecoin payments into digital wallets as payroll accrues
MoneyGram Ramps enables USDC cash-in and cash-out on Stellar network
Access to local currency at participating locations in 170+ countries
No traditional bank account required for recipients
Recipients can receive funds into digital wallets as payroll accrues and retain or transfer digital value, spend through supported Zebec card products, or access funds across the globe in local currency through participating MoneyGram locations, subject to availability and applicable law. MoneyGram Ramps enables supported wallets and applications to facilitate USDC cash-in and cash-out on the Stellar network. Through MoneyGram's vast network of retail locations, users can convert eligible digital-dollar balances into local currency at participating locations in more than 170 countries and territories without requiring a traditional bank account.
"The Stellar network provides the payments infrastructure, MoneyGram extends that infrastructure into local fiat access, and Zebec brings the employer and recipient experience together," said Simon Babakhani, CEO of Zebec Network.
About Zebec Network
Zebec Network is a real-time payroll and payments infrastructure company powering programmable value flows for businesses and consumers.
About Stellar
The Stellar network is an open source blockchain designed for payments, asset issuance, and cross border financial access. Stellar connects financial infrastructure globally through fast, low cost transactions and supports a growing ecosystem of stablecoin, remittance, and institutional payment applications.
About MoneyGram
MoneyGram is a global payments network that enables seamless money transfers through a digitally powered, omnichannel platform supporting both fiat and stablecoin transactions. Backed by over 85 years of trust, the company delivers fast, reliable cross-border financial solutions for consumers, developers and agents worldwide.
