Bakkt launches stablecoin cross-border transfers in 75+ countries
- —The service covers transfers in more than 75 countries
- —Settlement is available in 29 local currencies
- —The platform connects directly to local payment networks
- —Stablecoins are used for on-demand settlement and fiat off-ramps
Why it matters: Bakkt's expansion of stablecoin payments intensifies competition in the cross-border remittance market.
Source: Coinfomania