Rain, the enterprise-grade infrastructure for stablecoin-powered payments, has recently announced plans to participate in the Western Union Digital Asset Network in order to bring everyday cash access to clients. This integration enables users to convert stablecoins held in Rain-powered wallets into local cash payouts at “participating Western Union locations, unlocking real-world spending power.”
Western Union has recently announced the Digital Asset Network, which connects onchain assets “with traditional money movement.” To deliver full customer value, stablecoins must also be “usable in everyday contexts, which is Rain’s unique area of expertise.”
Malcolm Clarke, Vice President of Global Ecosystem at Western Union has said that Rain’s ability to offer stablecoin wallets for their customers makes them suitable for the Digital Asset Network. They will be able “to offer users access to cash in many global markets through Western Union,”
Clarke also stated that with Rain, they’re partnering to deliver “solutions that connect traditional finance and the digital asset economy.”
Western Union operates one of the world’s cross-border, cross-currency money-movement and payments networks, reaching “more than 150 countries and territories and operating in approximately 130 currencies.”
Pairing that distribution and trust with Rain’s modern payments infrastructure connects digital balances to “familiar access points so customers can compliantly convert to cash from any Rain-enabled wallet.”
Pairing Western Union’s international reach and retail footprint with Rain’s enterprise-grade infrastructure “links onchain value to local retail locations customers already use.”
More on the supported geographies, eligibility, and launch timing will be announced “as the program approaches availability.”
As noted in the update, Rain is the international stablecoin infrastructure platform for enterprises, neobanks, platforms, and devs.
Their technology enables partners to move, store, and use stablecoins instantly and compliantly “through global payment cards, on/off-ramps, wallets, and cross-border rails.”
As a Visa Principal Member, Rain issues cards that work “anywhere Visa is accepted, powering millions of purchases in over 150 countries.”
Built natively for stablecoins and trusted by more than 150 organizations worldwide, Rain reportedly aims to enable “secure, scalable infrastructure that makes money move freely and instantly around the world.