Original sourcePYMNTS
Summary
Yellow Card expanded stablecoin payments to Brazil through its acquisition of GoMoney, gaining direct local operating capability and the ability to collect and pay in Brazilian reais (including via Pix), settling in stablecoins. GoMoney is applying to become a virtual asset service provider with th…
Key points
- Cross-border merchants and remittance services can watch how combining Pix with stablecoins changes local collection and payment costs and speed in Brazil.
- Local payment rails and stablecoin settlement are converging in emerging markets, with regulatory transitional status a key factor for launch.
- Businesses entering Brazil should note that the provider is still in a transitional regulatory period, and factor compliance and settlement stability into their assessment.
Editorial note
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