Built on blockchain rails. Works like a 1-click bundle of debit sender account --> buy stablecoin --> send stablecoin --> (optionally) convert to fiat and disburse to receiver bank.
Thing is though that this is not a wire transfer, and lot of places where wire transfers are used are specifically used because of the infrastructure and guarantees around it. Would be interesting to a shift in adoption though
Do you guys just eat cost of minor fluctuations in stablecoin prices?
Something not adding up here. Money movement (if you touch fiat on the way in or out) is highly regulated, and you would put Western Union and MoneyGram out of business if it wasn't. Moneygram already uses USDC, but it's not that simple.
I guess I just don't really under stand why you can't just can't cut out the crypto part in the middle