MEDSiS: FinTech Launches Stable Coin in Brazil | BTC-ECHO
FinTech company MEDSiS has announced the launch of its own stable coin in Brazil. The so-called Maxwell Coin works through cooperation agreements that MEDSiS concludes with various institutions. The Institution's customers or employees will then have access to the payment ecosystem provided by MEDSiS.
The US-based company, which specializes in identity management, states in its press release that it has already acquired more than 10 million Brazilian customers for the Maxwell Coin. The Brazilian launch of the stable coin was preceded by an introduction to Argentina. The Group also promises further partnerships in South America, a project in the US is already in planning.
MEDSiS platform wants to create access to the global financial system
MEDSiS 'Brazilian cooperation partners are payment service providers specializing in the processing of benefits and other payments. These service providers use prepaid cards with a Visa or MasterCard license. For example, the largest contractor is Grupo Clasp, which provides benefits to Brazilian government employees. Clasp's offer includes discounts in the health and sports sector.
By granting the customers of these service providers access to their own platform, MEDSiS can also send their funds into the vastness of the digital ether. Because the platform offered by MEDSiS in cooperation with Rijndlpay allows the transfer of value between different Fiat and crypto currencies. True to the motto banking the unbanked The Group promises to open up a "regulated and secured gateway to the global economy" for its customers.
MEDSiS also promises business benefits
The platform and the stable coin should also improve the workflows of the contractors. Patrick Mulcahy, CEO of MEDSiS, therefore emphasized the business value of Clasp and its stakeholders in its statement. "The MEDSiS platform will usher in a new era of business management and business intelligence for our largest Brazilian client Clasp. Our platform is paving a technological highway to access the most advanced business intelligence and security available today and in the future. And by integrating this technology into the financial platform framework of our contracts, we expect our ecosystem to set a new standard for the payments industry. "
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