MoneyGram is launching its own entry into the digital custody space with an app designed to hold both traditional fiat currencies and stablecoins.
A trial run is scheduled in Colombia before MoneyGram expands to other markets. It’s a carefully planned decision, as most remittances in Colombia come from abroad, usually in USD.
The underlying blockchain is powered by Stellar and Crossmint, with customer balances held in Circle’s USDC. While MoneyGram’s new wallet appears to be a good way to bring existing MoneyGram customers into stablecoins, support for other cryptocurrencies is limited.
So, it’s a bit of a stretch to say MoneyGram has launched a new digital crypto wallet – it’s more like a cross-border remittance tool that uses USDC as the main currency, similar to how Ripple operates for large banks.
MoneyGram’s tool seems less capable than a true digital wallet like Best Wallet. Not only can Best Wallet handle stablecoins and fiat payments, but it also supports a wide range of crypto assets across multiple blockchains. Let’s look more closely at what makes Best Wallet so useful.
Best Wallet – A Mobile-First Crypto App Connecting Multiple Blockchains
Best Wallet aims to be the only crypto wallet you’ll ever need. It allows you to manage your entire crypto portfolio from a single, easy-to-use mobile interface, even if you’ve never used crypto before.
Managing multiple blockchains can be confusing. Even with popular crypto wallets like MetaMask, it can be hard to know exactly what assets you own. Best Wallet simplifies managing, buying, and selling your crypto within a single ecosystem.
That means you can make cross-chain swaps between platforms like Solana and BNB without leaving the app. Even if you’re searching for presale tokens, Best Wallet offers an entire marketplace full of vetted presales to choose from, all of which integrate directly with the app.
Best Wallet isn’t just convenient, it also uses innovative security features. Your wallet is protected by Fireblocks MPC-CMP technology, so even if you lose your phone, you can download a secure cloud backup to Best Wallet without risking your assets.
While you wait for MoneyGram’s digital app to expand coverage to your area, Best Wallet is available now. You can visit the ‘What is the Best Wallet Token’ guide.
That’s right: Best Wallet even features its own unique utility token, $BEST. It’s an asset all on its own, but it can also be used to reduce your transaction fees when you swap crypto across the Best Wallet network. That’s especially useful when you’re swapping for new presales, where $BEST will boost your margins.
In fact, $BEST holders also gain exclusive access to some presales before they become available to the rest of the market, guaranteeing you’ll be among the first to get cheap tokens before a crypto project takes off.
That’s not all. Holding $BEST also grants you the right to participate in the Best Wallet DAO, allowing you to help shape the future of the Best Wallet project. If there’s a feature or blockchain you’d like to see added to the app, this is the best way to make your voice heard.
You can download Best Wallet today, but the $BEST token is still in the presale phase. If you buy now, you can secure annual staking rewards of up to 83%. It’s worth holding onto, as our Best Wallet Token price predictions indicate $BEST could reach $0.62 by the end of 2026.
Don’t wait, as the $BEST presale has already raised nearly $16M in token sales. So far, the price has reached $0.025655, with an end-of-year release planned for the token. It’s a dynamic presale, so the price will change over time.
Purchase $BEST today before the presale ends.
All crypto products are volatile. Make sure to always do your own research before investing and only invest what you’re prepared to lose. This article is not financial advice.
Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/moneygram-stablecoin-app-cross-border-best-wallet/