Key takeaways
- OBOOK Holdings and Visa have partnered to launch OwlPay Cash, a blockchain-based remittance application.
- The app allows US users to send money directly to international bank accounts via their mobile.
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OBOOK Holdings today partnered with Visa to launch OwlPay Cash, a blockchain-based mobile money transfer application that allows US users to send money directly to bank accounts in various international regions.
The app leverages Visa Direct technology to facilitate cross-border payments, providing users with a streamlined platform for international money transfers. OwlPay Cash represents OBOOK Holdings’ entry into the digital remittance market through blockchain integration.
Visa has expanded its partnerships with blockchain-focused companies to improve remittance services, aiming to provide direct and lower-cost international money transfer options. This collaboration reflects broader industry trends toward mobile-first payment solutions for cross-border transactions.
The launch positions OwlPay Cash among emerging applications powered by Visa designed to provide U.S. users with more seamless options for international financial transfers via mobile platforms.
