Vaulta collaborates with Virgo to launch a cross-border remittance network, VirgoPay, based on stablecoin

Web3 banking operating system Vaulta is partnering with digital asset service provider Virgo to launch a stablecoin cross-border remittance network, VirgoPay, expected to go live in May. The platform can reduce traditional transfer times from several days to just minutes, and fees could be reduced by up to 70%. Users can top up via bank transfers, wire transfers, crypto wallets and choose various fiat currencies for receipt. Initial services will cover the United States, Hong Kong, Canada, Argentina, Brazil and Australia with plans to expand into Southeast Asia and Middle East markets in the future.