Question 1

What is a stablecoin remittance platform?

Accepted Answer

A stablecoin remittance platform enables fintechs and money transfer companies to send cross-border payments using stablecoins like USDC and USDT. Crossmint's stablecoin remittance platform replaces multiple vendors with one unified solution—handling wallets, compliance, and payment orchestration—allowing remittance companies to reduce costs by up to 95% and settle transfers in minutes instead of days.

Question 2

How do stablecoin remittances work?

Accepted Answer

Stablecoin remittances work by converting fiat currency to stablecoins, transferring them instantly, and enabling recipients to receive funds in their local currency or hold stablecoins. Crossmint handles the entire flow—fiat on-ramps, payment routing, compliance screening, and off-ramps—with no gas fees or blockchain complexity for your users.

Question 3

What is the best remittance infrastructure for stablecoins?

Accepted Answer

The best remittance infrastructure consolidates multiple vendors into one platform with built-in compliance, instant settlement, and easy-to-use APIs. Crossmint's remittance infrastructure replaces separate integrations for wallets, KYC, AML screening, and payment processing—enabling remittance companies to launch stablecoin services in weeks with no blockchain expertise required.

Question 4

How much do stablecoin remittances cost compared to traditional methods?

Accepted Answer

Stablecoin remittances cost significantly less than traditional methods. Through Crossmint's platform, companies can reduce money transfer fees to less than $0.01 per transaction.

Question 5

How fast are stablecoin remittances?

Accepted Answer

Stablecoin remittances settle in seconds to minutes, operating 24/7/365 with no banking hours or weekend delays. Crossmint's platform enables instant settlement for remittance recipients worldwide, providing real-time visibility into transfer status via unified dashboards.

Question 6

Is Crossmint's remittance platform compliant and licensed?

Accepted Answer

Yes. Crossmint's remittance platform is VASP licensed with automated compliance for AML screening, sanctions checks, and travel rule requirements. Our infrastructure includes built-in KYC through Persona, wallet screening via Elliptic, and automated travel rule compliance through NotaBene. This ensures that your remittance operations meet global regulatory standards.

Question 7

Which remittance companies use stablecoin infrastructure?

Accepted Answer

MoneyGram uses Crossmint's wallet and stablecoin infrastructure to power their cross-border remittance app, launching in just two months with two engineers. Other remittance companies including Kasi Money use Crossmint's platform for low-cost remittances. Major players like Western Union are also piloting stablecoin settlement systems as the industry shifts to blockchain-based infrastructure.

Question 8

Can recipients receive remittances in local currency or stablecoins?

Accepted Answer

Yes. Crossmint's platform supports both options. Recipients can receive stablecoins directly in embedded wallets or convert to local currency through integrated off-ramps. This flexibility allows remittance companies to serve markets with varying preferences—from users who want instant stablecoin access to those preferring traditional cash pickup.

Question 9

How quickly can we integrate Crossmint's remittance infrastructure?

Accepted Answer

Remittance companies can integrate Crossmint's infrastructure significantly faster than the time it would take to build in-house. MoneyGram launched their global stablecoin remittance service in just over two months using only two engineers. Our easy-to-use APIs require no blockchain expertise, and our forward-deployed engineers work directly with your team to accelerate integration and handle the technical complexity.

Question 10

What compliance does Crossmint handle for remittance companies?

Accepted Answer

Crossmint handles licensing, AML screening, sanctions checks, travel rule compliance, and KYC verification for remittance operations. Our platform automates wallet screening through Elliptic, identity verification through Persona, and cross-border compliance through NotaBene—eliminating the need to integrate multiple compliance vendors and enabling global remittance operations.

Question 11

What stablecoins and blockchains does Crossmint support for remittances?

Accepted Answer

Crossmint supports USDC, USDT, and other major stablecoins on 40+ chains. Our platform abstracts blockchain complexity so users experience instant transfers with no gas fees, transaction approval prompts, or crypto UX. Recipients can hold or convert stablecoins to local currency without understanding the underlying technology.

Question 12

What is digital remittance infrastructure?

Accepted Answer

Digital remittance infrastructure is the technology stack enabling modern cross-border money transfers through digital channels. Crossmint's digital remittance infrastructure consolidates everything you need in one platform—embedded wallets, compliance automation, and fiat on/off-ramps—so you don't have to orchestrate multiple vendors or build blockchain expertise in-house.

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