Global Stablecoin Payroll Ramps
Zebec and MoneyGram Expand Enterprise Payroll Through Stellar Network Integration
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Zebec Network and MoneyGram have teamed up to give companies a new way to pay employees worldwide. Recorder reports that the two firms integrated MoneyGram Ramps into Zebec's payroll platform on the Stellar network. This is the first fiat off-ramp — a way to convert digital money into regular currency — built into Zebec's payroll system.
Employers can now pay workers in stablecoins, which are digital currencies tied to real money like the US dollar. Employees get paid as money streams in real-time into their digital wallets. They can keep the digital money, spend it through Zebec cards, or walk into a MoneyGram location worldwide to withdraw cash in their local currency.
How Stablecoin Payroll Works on Stellar
Zebec runs on the Stellar network, a blockchain designed for fast payments. Owen Sound Sun Times explains that employers stream payments to contractors and employees in stablecoins — digital money backed by real currency. Workers don't have to wait for payday. Their pay accrues in real-time into their digital wallets.
Employees have full control over their money once it arrives. They can hold it as a stablecoin, send it to others, buy things through supported cards, or convert it to local currency. Leader-Post reports this flexibility lets workers in any country access their pay instantly without traditional banking delays.
MoneyGram's Global Cash Network Unlocks Local Currency
MoneyGram Ramps connects Zebec's stablecoin payroll to MoneyGram's worldwide physical network. Montreal Gazette says employees can visit any of MoneyGram's locations globally to withdraw their stablecoin earnings in local currency. This matters for workers without bank accounts or those in countries with limited banking infrastructure.
MoneyGram already handles billions in global payments each year. Seaforth Huron Expositor notes the company's platform works with both traditional money and digital currencies. By adding Zebec's stablecoin payroll, MoneyGram lets employers reach workers anywhere while keeping costs low.
Enterprise Payroll Goes Digital and Global
Fort McMurray Today reports this partnership solves a real problem for global employers. Companies that hire remote workers across borders face high fees and slow transfers with traditional banks. Stablecoin payroll cuts out the middleman and settles payments instantly on the Stellar network.
Workers get real-time money streaming and instant access to cash worldwide. Sault Star explains this setup helps companies hire talent from anywhere without worrying about payment delays or currency conversion headaches. Both employers and employees save time and money.
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