Stablecoin Wallet Rpay Gets OFAC License to Operate in Venezuela

Rpay, a stablecoin wallet built by the creators of stablecoin and digital payments system Reserve, said it obtained a license from the Treasury’s Office of Foreign Assets Control to offer its services to people based in Venezuela.

• “Rpay has been working with the United States government to obtain this license in order to contribute to the strategic vision of providing means of stable payments for Venezuelan residents,” the company said in a statement
• The license still requires Rpay to screen out Venezuela government employees
• NOTE: Rpay has 600k users across Latin America and has accumulated $5.7 billions in transactions since ...