Payments News


Mongolia’s capital city to launch blockchain-based money transfer services via Terra partnership

“Mongolia’s capital city of Ulaanbaatar has partnered with stablecoin project Terra with the objective of launching instant money transfer and lending services, e27 reported. Founded by Daniel Shin, Terra is a new project that aims to create a price-stable digital currency. In August 2018, it raised $32 million in a seed fundinground that received support from Binance Labs, OKEx, Huobi Capital and Arrington XRP Capital, among others.”