Web3 banking platform Vaulta has announced a strategic partnership with digital asset firm VirgoCX Global Holdings to launch VirgoPay, a stablecoin-based remittance app aimed at streamlining cross-border payments. Set to go live in May 2025, VirgoPay promises faster, more affordable international money transfers—cutting fees by up to 70% compared to traditional remittance services.
Seamless Transfers with Stablecoins at the Core
VirgoPay will function as a cross-border remittance network, integrating stablecoins as an intermediary layer to reduce transfer costs and processing times. It will leverage Vaulta’s Web3 Banking OS as the default settlement layer, ensuring reliable and efficient payment flows between global users.
Users will be able to initiate transfers through traditional payment channels—including bank wires, e-transfers, and card payments—or directly via crypto wallets, making the service accessible to both fiat and crypto-native users.
“Cross-border payments remain costly and slow, often requiring access to banks that some regions lack,” said Yves La Rose, CEO of Vaulta Foundation. “Virgo is addressing this by leveraging stablecoins and demonstrating the power of Vaulta’s Web3 Banking OS.”
VirgoPay’s Mission: Financial Inclusion Through Web3
VirgoPay aligns with VirgoCX’s long-term vision of improving financial accessibility, especially in underbanked regions. Stablecoins, with their ability to deliver instant and affordable transfers, are emerging as the “first killer app” of blockchain technology, according to VirgoCX CEO Adam Cai.
“Stablecoins for payments will be the first killer app for distributed ledger technology,” Cai said. “VirgoPay is excited to partner with Vaulta to make global money movement seamless.”
Global Rollout Targets Key Financial Hubs
In its first rollout phase, VirgoPay will connect major financial corridors including:
- United States
- Canada
- Hong Kong
- Argentina
- Brazil
- Australia
A second phase will target emerging markets across South America, Southeast Asia, and the Middle East, with the goal of tapping into the $1 trillion global remittance market projected by 2029.
Vaulta’s Growing Influence in Web3 Finance
Vaulta—formerly known as EOS Network—has been rapidly expanding its Web3 infrastructure. The launch of VirgoPay signals its ongoing commitment to delivering real-world utility through blockchain-powered financial services. Additional partnership announcements from Vaulta are expected in the coming months as it continues to scale its ecosystem.
