
Rain, a provider of cryptocurrency cards, has announced the addition of Solana, Tron, and Stellar to its system for users to spend stablecoins wherever Visa cards are accepted. This update aims to meet the growing demand for stablecoin transactions in various real-world scenarios, including shopping for groceries, making international payments, and business transactions.
Key Highlights:
- Rain’s latest update supports the issuance of Visa cards linked to stablecoins for Solana, Tron, and Stellar networks.
- Real-world applications of this improved service are already being implemented by companies like KAST, which operates on Solana, and Offramp, based on Tron.
Additionally, Rain has recently raised $24.5 million in a Series A funding round, highlighting the increasing desire for stablecoin-based payment solutions.
The growing interest in utilizing blockchain technology for day-to-day payments is clear, with recent reports indicating that stablecoin payment volumes reached an annualized $72.3 billion.
For more information, check out the full report on stablecoin payments.