Vaulta and VirgoCX Launch VirgoPay: Stablecoin-Based Cross-Border Remittances

Web3 banking firm Vaulta has joined forces with digital asset provider VirgoCX Global Holdings to launch VirgoPay, a cross-border remittance network that utilizes stablecoins for faster, more affordable transactions. Scheduled to launch in May, VirgoPay will leverage Vaulta’s Web3 Banking OS as its default settlement layer, streamlining international payments and boosting reliability. Users can initiate transfers using conventional methods like bank transfers, e-transfers, or card processing, while also directly funding the transfers through crypto wallets.