According to Golden Finance, Web3 banking operating system Vaulta and digital asset service provider Virgo announced a cooperation to launch VirgoPay, a stablecoin cross-border remittance network, which is expected to be launched in May. The platform can shorten traditional transfer time from days to minutes, with processing fees up to 70%. Users can recharge through banking, wire transfer, encrypted wallets, etc., and choose a variety of fiat currencies to collect payments. The first phase of the service will cover the United States, Hong Kong, Canada, Argentina, Brazil and Australia, and the subsequent plan will be expanded to Southeast Asia and the Middle East markets.