Rain's global payout system is live with select beta partners, with broader availability planned soon. The service converts stablecoins into local currency, delivered directly to recipients' bank accounts, who need no awareness of stablecoins being involved. It currently supports 50 currencies across more than 80 countries, with targets of 95 countries and 60 currencies by year-end. Partners can display a locked exchange rate, fees, and the exact recipient amount before sending, then track payments to delivery. Use cases cited include neobanks, marketplaces paying sellers and drivers, contractor platforms, and business supplier payments.

AI summary of the linked source β€” not editorial content.

Explore the topic

Loading related coverage…

Comments

Loading comments…