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Remitly launches Global Card to turn cross-border money transfers into everyday banking
['Kurt Schlosser']
GeekWire
The Remitly Global Card.
(Remitly Image)Remitly, the Seattle digital remittance startup built on sending money across borders, is now offering a debit card and account meant to hold that money, too.
Flexible balances: Eligible customers can hold funds in U.S. dollars or USDC, a dollar-backed digital stablecoin, converting to local currencies as needed.
Peer-to-peer transfers: Cardholders can send money instantly to other Remitly cardholders globally.
The Remitly Global Card begins a phased rollout to eligible, invited customers on Thursday.