This section is The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentBuilt on the Stellar network’s payment rails, Zebec’s enterprise payroll integrates MoneyGram Ramps as its first fiat off-ramp, connecting stablecoin payroll with local-currency access worldwide.

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NEW YORK — Zebec Network, the Stellar Development Foundation and MoneyGram announced the integration of MoneyGram Ramps into Zebec’s enterprise payroll platform. MoneyGram is the first fiat off-ramp through Zebec’s Stellar network payroll experience, connecting employees and contractors to cash for everyday transactions through MoneyGram’s global payments network.

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Zebec’s native deployment on the Stellar network enables employers to stream employee and contractor payments in stablecoins. Recipients can receive funds into digital wallets as payroll accrues and retain or transfer digital value, spend through supported Zebec card products, or access funds across the globe in local currency through participating MoneyGram locations, subject to availability and applicable law.

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MoneyGram Ramps enables supported wallets and applications to facilitate USDC cash-in and cash-out on the Stellar network. Through MoneyGram’s vast network of retail locations, users can convert eligible digital-dollar balances into local currency at participating locations in more than 170 countries and territories without requiring a traditional bank account.

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“The Stellar network provides the payments infrastructure, MoneyGram extends that infrastructure into local fiat access, and Zebec brings the employer and recipient experience together,” said Simon Babakhani, CEO of Zebec Network.

Article contentAbout Zebec NetworkArticle content

Zebec Network is a real-time payroll and payments infrastructure company powering programmable value flows for businesses and consumers.

Article contentAbout StellarArticle content

The Stellar network is an open source blockchain designed for payments, asset issuance, and cross border financial access. Stellar connects financial infrastructure globally through fast, low cost transactions and supports a growing ecosystem of stablecoin, remittance, and institutional payment applications.

Article contentAbout MoneyGramArticle content

MoneyGram is a global payments network that enables seamless money transfers through a digitally powered, omnichannel platform supporting both fiat and stablecoin transactions. Backed by over 85 years of trust, the company delivers fast, reliable cross-border financial solutions for consumers, developers and agents worldwide.

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We serve over 60 million customers globally through nearly half a million retail locations and a rapidly expanding digital ecosystem reaching billions of devices. As one of the most recognized and trusted names in global payments, MoneyGram continues to reinvent how money moves, helping people around the world support their loved ones and build better futures.

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