Western Union to Launch Stablecoin on Solana With Anchorage Digital-Digitap’s (USD TAP) Banking-Boom Thesis Explodes

Western Union launches USDPT on Solana, signaling a fintech shift as Digitap’s USD TAP presale tops USD 1.2M amid rising blockchain-banking adoption.

Western Union to Launch Stablecoin on Solana With Anchorage Digital-Digitap's (USD TAP) Banking-Boom Thesis Explodes

Western Union

The global blockchain and crypto payments sector is undergoing a generational shift, with one of the world’s largest money transfer and remittance companies entering the space. Western Union is partnering with Anchorage Digital to announce plans for launching the U.S. Dollar Payment Token (USDPT), its new stablecoin on the Solana blockchain.

The shift in Western Union’s business highlights the merging of traditional finance with blockchain, supporting Digitap’s ($TAP) narrative of an oncoming blockchain-powered banking boom. Digitap is a rising project with a major real-world payment use case that has partnered with Visa to launch crypto-fiat virtual and physical cards.

Solana Price Holds Firm Below $205 Resistance

Western Union has chosen Solana to launch USDPT for its existing 100 million-user base, due to the network’s high-performance blockchain technology and continued innovation. Yet, despite improving macro and fundamental factors, the Solana price has failed to surpass $205 this week and is experiencing a short-term correction.

Over the past few weeks, the price action has remained indecisive, as SOL struggles in a sideways pattern. With the return of bullish sentiment earlier this week, investors hoped for a trend reversal. However, the $205 resistance rejected further upside, and the Solana price began a downside correction, returning to the $177 support.

Image Courtesy: TradingView

Now, SOL continues to trade sideways with the RSI signaling a neutral trend and the MACD indicating neither significant bullish nor bearish momentum.

A move above or below the ongoing range-bound structure could decide the future price action. If the Solana price breaks above the $205-$210 resistance zone, it could rally to $230. Similarly, a slip below $177 could lead to a further decline, potentially to the $142 support level.

Digitap Emerges as the Next Big Banking App With Visa Partnership

The world’s first omni-banking platform, Digitap, is outshining major utility-driven crypto projects, including Solana. With its instant and secure fund transfers through crypto rails, Digitap directly challenges existing remittance systems.

Unlike Western Union, which is launching a new stablecoin for facilitating cross-border payments, Digitap offers the first hybrid app that allows retail customers to make instant crypto-fiat conversions and payments.

The app enables crypto-to-fiat and fiat-to-fiat currency exchange at the lowest possible rates, executed through secure blockchain networks. Additionally, Digitap has introduced Visa-backed cards that allow cash withdrawals from crypto funds at ATMs without the need for manual conversion.

According to research from Global Data, the global digital payments market is expected to grow at a rate of over 14% CAGR from $2,476.8 trillion in 2023 to $5,848.5 trillion by 2030. This creates a perfect environment for a globally integrated omni-bank solution like Digitap.

$TAP Presale Surges Past $1.23M as Investors Jump In

Digitap has witnessed a remarkable demand for its token presale, with retail investors flocking in, resulting in massive inflows of fresh capital. More than halfway through the second round, over 84 million $TAP tokens have been sold out, raising $1.2 million for the project.

The token is planned to list at $0.14, but is currently available at $0.0268, representing an 80.86% discount. The value of $TAP will increase periodically throughout the presale, rewarding early participation.

$TAP vs. SOL: What Crypto to Invest in Right Now

With its collaboration with Anchorage Digital to launch USDPT on Solana, Western Union has become the first and largest traditional finance firm to tap blockchain rails for powering global transfers. However, Digitap is outshining the Solana network with its omni-banking platform, designed specifically to revolutionize global crypto-fiat payments.

Digitap’s app and cards are already functional and available for investors to experience firsthand, allowing them to make an informed decision about investing with a complete understanding of the product. However, investors will have to act fast as the $TAP presale gains momentum with the next price hike expected soon.

Discover how Digitap is unifying cash and crypto by checking out their project here:

Presale: https://presale.digitap.app

Website: https://digitap.app

Social: https://linktr.ee/digitap.app

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