In a recent move that could significantly improve the usability of cryptocurrencies, HoneyCoin App has announced a new feature that will enable USDC cash outs at MoneyGram locations in various countries. Powered by Stellar (XLM), HoneyCoin App will, henceforth, enable users to cash out their USDC (USD Coin) at supported locations in Nigeria, Kenya, Ghana, Uganda, Tanzania, and the United Kingdom (UK).

Some of the obvious benefits of this new HoneyCoin App feature are enhanced convenience and flexibility for users. At the same time, the move will most likely attract numerous new users to the Stellar-powered app. While improving the real-world application of USDC on Stellar network, the development can also result in improved Stellar price.

Some of the other major benefits it will offer include:

  • Seamless cross-border transactions and efficient remittances

  • Fast and cost-effective international payments 

  • Banking access to the unbanked and underbanked

A Strategic Partnership with MoneyGram

While HoneyCoin App leverages Stellar network, its recent ground-breaking feature also results from a collaboration with MoneyGram. This strategic partnership is one of many recent collaborations aimed at facilitating seamless access to digital asset liquidity in emerging markets.

We're excited to share @honeycoinapp users can now cash out of their USDC balance at supported @MoneyGram locations in Kenya, Uganda, Tanzania, Nigeria, Ghana, and the UK ?️ Another real-world use case for @Circle’s USDC on Stellar.https://t.co/0JKNhdJMx3

— Stellar (@StellarOrg) July 17, 2023

In an evolving global finance industry, this partnership and the resulting feature augur well for the cryptocurrency community. It simplifies the process of converting digital assets to fiat currency when the need arises. Best of all, it facilitates this process in critical markets where users may need their digital assets for everyday transactions.

It’s interestingly awesome, also, that HoneyCoin App chose MoneyGram for this partnership. Considering that MoneyGram has an impressive widespread network, the new feature will empower several users. It also enhances the real-world use case for Circle’s USDC (a US Dollar-pegged stablecoin) on Stellar.

Stability and Versatility in One Place

Considering the strategic roles stablecoins play in the evolving global finance industry, HoneyCoin App is poised to offer millions of potential users across the world stability and versatility. Regardless of location, users will enjoy the stability of the US dollar via USDC, as well as the versatility of MoneyGram, especially when it comes to converting their USDC to fiat currency.

The fact that the HoneyCoin app is powered by Stellar is another big bonus for existing and potential app users. A reputable network, Stellar is famed for security, scalability and speed. It offers the perfect infrastructure for HoneyCoin’s teeming users across the globe.

Looking Ahead

Judging from recent developments, it’s only a matter of time before digital assets will begin to seamlessly co-exist with traditional financial systems. HoneyCoin App leveraging Stellar network to offer USDC cash-out option at MoneyGram locations in different countries is another big step towards a borderless, blockchain-driven global economy. Of course, it is a good sign for future price movements as shown in the XLM price prediction.