Zelle parent pursues crypto for international payments
Peer-to-peer money transfer operator Early Warning Services plans to let users tap its Zelle service to send money overseas using cryptocurrency.
“The effort marks an important step in expanding the reach of Zelle globally by leveraging stablecoins,” a news release said Friday, referring to digital assets pegged to the value of a fiat currency such as the dollar or the euro.
Zelle parent Early Warning Services is owned by seven big banks and currently only lets customers send money domestically.
The release did not say precisely when Zelle users will be able to send money internationally. A spokesperson declined to provide more details on the timeline.
The release provided little…
