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TruBit Teams Up with MoneyGram to Launch Global Cryptocurrency On/Off-Ramp Service, Empowering Financial Inclusion in Latin America

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Cross-Border Payment Breakthrough, Connecting Traditional Finance and the Digital Economy

On February 24, 2025, TruBit, the leading cryptocurrency payment platform in Latin America, announced a strategic partnership with the global financial technology giant MoneyGram International, Inc. ("MoneyGram") to officially integrate into its globally pioneering digital asset wallet deposit and withdrawal (On/Off-Ramp) service, MoneyGram AccessTM. This service, jointly developed by MoneyGram and the globally renowned blockchain payment technology non-profit organization Stellar Development Foundation (SDF), aims to provide a more convenient and efficient digital asset-to-fiat exchange channel for global users.

In this collaboration, TruBit and MoneyGram will further expand the MoneyGram Access service co-created by MoneyGram and Stellar to key Latin American markets such as Mexico, Argentina, Brazil, and Colombia. These countries receive a total of $80.25 billion in annual cross-border remittances, with Mexico alone reaching $64.75 billion in 2024 (data source: Bank of Mexico). In the Latin American market where cash still dominates, efficient and convenient cross-border payments are crucial for regional economic development. TruBit's participation aims to address this key pain point and promote wider financial inclusion.

By combining Stellar's efficient blockchain technology with MoneyGram's robust global cash access network, TruBit provides users with a smoother digital asset exchange experience. TruBit users can deposit cash into a digital wallet at designated MoneyGram locations, converting fiat currency to USDC. Additionally, users can exchange digital assets for local fiat currency at MoneyGram locations, including OXXO in Mexico, Cobro Express in Argentina, Bancolombia in Colombia, and other retail stores and bank branches, effortlessly converting USDC back to local fiat currency.

This diagram illustrates the collaboration between TruBit and MoneyGram: Users can use MoneyGram to convert local currency to USDC in 35+ countries worldwide and convert USDC back to local currency in 150+ countries, facilitating global fund flows.

TruBit Co-Founder and CEO Maggie Wu stated, "This partnership marks a significant breakthrough in connecting cash with digital assets. By combining innovative technology with a seamless payment experience, we are committed to providing users with more convenient and secure financial services. We are thrilled to collaborate with MoneyGram, a global leader in financial technology, to drive financial inclusion in the Latin American region and create transformative solutions for the market."

This collaboration highlights TruBit's crucial mission to promote the digital economy in Latin America and further solidifies its position as a leading digital financial platform in the industry. In the future, TruBit will continue to enable individuals and businesses worldwide to enjoy the limitless possibilities of the digital economy through secure, convenient, and user-friendly crypto financial services.

About TruBit

Founded in 2020, TruBit is a leading global cryptocurrency platform in Latin America, with operations spanning the core areas of payments and transactions.

· TruBit Business: Provides compliant cross-border payment solutions, seamlessly connecting fiat and cryptocurrencies to help enterprises optimize fund management;

· TruBit Pro: Offers advanced trading tools for professional traders;

· TruBit Wallet: Supports convenient cryptocurrency exchanges and offers Earn+ yield features;

· TruBit Mastercard: Enables users to easily spend digital assets anytime, anywhere.

As a pioneer in compliant fiat on/off-ramp channels, TruBit's operations cover key markets such as Mexico, Argentina, Brazil, Colombia, Chile, Peru, and are gradually expanding to North America, Asia, and Europe. It is dedicated to connecting global users with the digital economy through innovative, secure, and compliant crypto financial services.

About MoneyGram

MoneyGram International, Inc. is a leading global financial technology company that provides fast, secure cross-border payment and money management services to millions of users and businesses worldwide. Its MoneyGram Access business has become the world's largest digital currency onramp and offramp platform, enabling seamless fiat-to-digital asset conversion through an extensive cash distribution network. With 2000+ employees in 36 countries worldwide, MoneyGram serves over 200 countries and territories, processing transactions exceeding $200 billion annually.

About Stellar

The Stellar network is a decentralized, fast, scalable, and sustainable blockchain platform designed for financial products and payment services. Its protocol is optimized for payments, ensuring low transaction costs and efficient transaction processing as adoption grows. Since its launch, global financial institutions and innovators have issued assets and settled payments on the Stellar network, handling billions of transactions with millions of active accounts.

About the Stellar Development Foundation (SDF)

The Stellar Development Foundation (SDF) is a non-profit organization committed to providing equitable financial access through blockchain technology. SDF supports developers and businesses through funding, investment, and resources, providing essential tools for the Stellar ecosystem to ensure the healthy development of the Stellar network. SDF offers technical assistance, funding, and ecosystem support to global innovators.