Pray, What to Know:
- Our dear crypto card provider, Rain, has graciously extended its support to the illustrious networks of Solana, Tron, and Stellar for the issuance of stablecoin-linked Visa cards. How positively modern! 💁♀️
- This expansion arrives amidst a veritable surge in demand for stablecoin-powered payments in the real world. Who knew finance could be so thrilling? 🎉
- Among the first to embrace this updated platform are the charming applications KAST, hailing from Solana, and Offramp, a fine representative of Tron. They are truly ahead of the curve! 🏃♂️
Rain, that enterprising crypto card platform which permits its users to spend stablecoins wherever Visa is accepted (a most convenient arrangement, I must say), has announced its newfound support for the networks of Solana, Tron, and Stellar. How delightful! 🌍
This splendid update facilitates the launch of bespoke branded cards for companies operating on these chains, whether they prefer custodial or non-custodial wallets. Such versatility! Users may now pay with stablecoins in the most mundane of scenarios, be it purchasing groceries, dispatching business payouts, or receiving funds from distant shores. Truly, the future is upon us! 🛒💸
This move highlights the burgeoning trend of employing blockchain technology for everyday transactions, primarily through the use of stablecoins—those curious digital tokens tethered to fiat currencies. A recent report from Artemis revealed that the stablecoin payment volume for February of this year reached an astonishing annualized sum of $72.3 billion. One can hardly keep up! 📈
In March, Rain secured a princely sum of $24.5 million in a Series A round, proclaiming that the demand for card programs linked to stablecoins is accelerating, particularly among platforms eager to bridge the gap between digital assets and quotidian expenditures. How very enterprising! 💰
The startup boasts that it is the sole Visa Principal Member offering multi-chain card issuance straight out of the box, allowing developers to access a single API to facilitate global payments using stablecoins. They already support Arbitrum, Optimism, and Polygon, but the recent additions of Solana, known for its swiftness, Stellar, famed for remittances, and Tron, recognized for its high stablecoin volume, are most commendable. 🏦
Applications such as KAST and Offramp are already putting this platform to splendid use, as reported by the company. KAST, constructed upon the Solana network, issues cards that connect directly to users’ wallets, enabling real-time spending. Offramp, a fine creation of Tron, is rolling out cards in Latin America to enhance access to dollar-based payments. How positively revolutionary! 🌎💳
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2025-05-29 19:50