{"id":7605,"date":"2025-04-05T18:28:34","date_gmt":"2025-04-05T18:28:34","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=7605"},"modified":"2025-04-05T18:28:36","modified_gmt":"2025-04-05T18:28:36","slug":"vaulta-and-virgocx-partner-to-launch-virgopay-a-stablecoin-powered-remittance-app","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/04\/05\/vaulta-and-virgocx-partner-to-launch-virgopay-a-stablecoin-powered-remittance-app\/","title":{"rendered":"Vaulta and VirgoCX Partner to Launch VirgoPay, a Stablecoin-Powered Remittance App"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Web3 banking platform <strong>Vaulta<\/strong> has announced a strategic partnership with digital asset firm <strong>VirgoCX Global Holdings<\/strong> to launch <strong>VirgoPay<\/strong>, a stablecoin-based remittance app aimed at streamlining cross-border payments. Set to go live in <strong>May 2025<\/strong>, VirgoPay promises faster, more affordable international money transfers\u2014cutting fees by up to <strong>70%<\/strong> compared to traditional remittance services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Seamless Transfers with Stablecoins at the Core<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">VirgoPay will function as a <strong>cross-border remittance network<\/strong>, integrating stablecoins as an intermediary layer to reduce transfer costs and processing times. It will leverage <strong>Vaulta\u2019s Web3 Banking OS<\/strong> as the default <strong>settlement layer<\/strong>, ensuring reliable and efficient payment flows between global users.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Users will be able to initiate transfers through <strong>traditional payment channels<\/strong>\u2014including bank wires, e-transfers, and card payments\u2014or directly via <strong>crypto wallets<\/strong>, making the service accessible to both fiat and crypto-native users.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cCross-border payments remain costly and slow, often requiring access to banks that some regions lack,\u201d said <strong>Yves La Rose<\/strong>, CEO of Vaulta Foundation. \u201cVirgo is addressing this by leveraging stablecoins and demonstrating the power of Vaulta\u2019s Web3 Banking OS.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">VirgoPay\u2019s Mission: Financial Inclusion Through Web3<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">VirgoPay aligns with <strong>VirgoCX\u2019s<\/strong> long-term vision of improving <strong>financial accessibility<\/strong>, especially in underbanked regions. Stablecoins, with their ability to deliver instant and affordable transfers, are emerging as the \u201cfirst killer app\u201d of blockchain technology, according to VirgoCX CEO <strong>Adam Cai<\/strong>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cStablecoins for payments will be the first killer app for distributed ledger technology,\u201d Cai said. \u201cVirgoPay is excited to partner with Vaulta to make global money movement seamless.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Global Rollout Targets Key Financial Hubs<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In its <strong>first rollout phase<\/strong>, VirgoPay will connect major financial corridors including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>United States<\/strong><\/li>\n\n\n\n<li><strong>Canada<\/strong><\/li>\n\n\n\n<li><strong>Hong Kong<\/strong><\/li>\n\n\n\n<li><strong>Argentina<\/strong><\/li>\n\n\n\n<li><strong>Brazil<\/strong><\/li>\n\n\n\n<li><strong>Australia<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">A <strong>second phase<\/strong> will target emerging markets across <strong>South America<\/strong>, <strong>Southeast Asia<\/strong>, and the <strong>Middle East<\/strong>, with the goal of tapping into the <strong>$1 trillion global remittance market<\/strong> projected by 2029.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Vaulta\u2019s Growing Influence in Web3 Finance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Vaulta\u2014formerly known as <strong>EOS Network<\/strong>\u2014has 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2014cutting fees by up to 70% compared to traditional remittance services. Seamless Transfers&#8230;<\/p>\n","protected":false},"author":3,"featured_media":7606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[175,707,708],"class_list":["post-7605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-stablecoin","tag-vaulta","tag-virgo-cx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vaulta and VirgoCX Partner to Launch VirgoPay, a Stablecoin-Powered Remittance App - Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/04\/05\/vaulta-and-virgocx-partner-to-launch-virgopay-a-stablecoin-powered-remittance-app\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vaulta and VirgoCX Partner to Launch VirgoPay, a Stablecoin-Powered Remittance App - Crypto News\" \/>\n<meta property=\"og:description\" content=\"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. 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