MoneyGram has officially launched a stablecoin-based virtual Visa card for its app users in Colombia. This new payment product allows users to hold digital assets pegged to the US dollar. These stable dollar balances can then be spent directly at millions of merchants accepting Visa payments worldwide without cross-border friction.
The card system is designed to seamlessly integrate into the familiar app ecosystem. Users access the feature via the main MoneyGram mobile app. To facilitate contactless payments, the virtual card is also fully integrated with Apple Wallet and Google Wallet. The entire checkout flow can be completed without requiring users to switch to another app.
More than just an electronic payment tool, this new feature bridges digital balances with physical cash.
Convert Balances into Local Currency
The cash-out option serves as a key differentiator from conventional crypto wallets. Cardholders can send money to themselves using MoneyGram’s internal transfer service. That transferred money can then be withdrawn as local currency cash. Physical cash-outs are available at nearly 500,000 MoneyGram agent retail locations across multiple countries.
Three different technology companies power the product’s infrastructure. The Stellar blockchain network was chosen to handle baseline transaction settlement. To process payments, MoneyGram partnered with Rain. Meanwhile, the user-facing digital wallet component was developed by service provider Crossmint.
The rollout in the Colombian market continues the remittance company’s adoption of blockchain technology. In June 2026, MoneyGram launched the MGUSD token. Operating on the Stellar network, the digital asset was specifically designed to facilitate internal liquidity management and foreign exchange settlement.
Physical Cards Coming Soon
The initial launch in Colombia serves as a starting point. MoneyGram has finalized plans to expand the virtual Visa card to several additional countries in upcoming operational phases.
The product format will also expand beyond smartphone screens. The company is preparing a physical card version targeted for release before the end of 2026. Adding a physical card will allow users to withdraw cash directly from standard ATMs.
For Colombian residents, the service bridges the gap between holding digital assets and cashing out in their local neighborhoods. Via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
