In this interview, Magnus shares his journey into fintech, the vision behind MAJORITY, and how stablecoins are reshaping cross-border payments for global users.
Magnus, could you share a bit about your professional background and your journey into fintech and cross-border payments?
My background is in building and scaling financial products for people who are typically underserved by traditional systems. Before founding MAJORITY, I spent years working across telecoms, where I saw firsthand how broken cross-border movement and communication still is, especially for internationals.
How did the idea for MAJORITY come about, and what problem were you aiming to solve for international users?
MAJORITY started with a simple observation: when you are new in a country nothing works for you, especially financial products aren’t built for our lives. Getting access to financial services, moving money cross borders, ability to lend money, building credit, and navigating a new financial system are all harder than it needs to be. We wanted to build an infrastructure that actually reflects how international users live and move money.
How do stablecoins specifically help address the cost, speed, and trust challenges associated with traditional remittances?
You can think about stablecoin in the same way that you think about how voip changed the telecom industry where it suddenly made calling borderless, free and easy to use. Stablecoin doing the same for money movement. A currency made for the digital world that can move cross border, instant at extremely low cost. Our ambition is to make money movement free.
What advantages does Solana’s stablecoin technology bring to your cross-border transfer product compared to conventional solutions?
We chose to build the integration on Solana because it’s known for network speed and low fees, which enable this scale of stablecoin activity. We’ve also partnered with leading technology companies in the crypto space, including Bitso, Circle, Privy and more, ensuring users benefit from secure, compliant and user-friendly stablecoin transactions.
Can you describe some of the early user experiences in Colombia and Mexico? What feedback have you received?
Knowing exactly when funds will arrive and that fees won’t eat into what they’re sending has built real trust with the users. That reliability makes cross-border transfers feel less like a financial risk and more like a routine, dependable part of supporting family across borders.
Why are emerging markets and migrant workers particularly poised to drive the next wave of stablecoin adoption?
People in emerging markets and migrant communities actually already live with the issues stablecoins are designed to solve, such as high fee and slow cross-border systems. For them, stablecoins are a practical tool for preserving value and moving money efficiently. It also provides a stable currency in markets where inflation many times is making your money less valuable everyday.
How are new players and on/off-ramp innovations reshaping the landscape of cross-border payments?
The biggest shift is that crypto infrastructure is finally becoming invisible to the end user. Now, cross-border payments are starting to feel less like a specialized product and more like a core financial service that just works for anyone.
What challenges has MAJORITY faced in implementing stablecoin-based remittances, and how have you overcome them?
Regulatory complexity and user education can be challenging, but our approach has been to stay compliant, partner locally, and abstract the complexity so users can benefit without the burden.
Looking ahead, how do you see stablecoins and fintech platforms like MAJORITY evolving over the next 5 years?
Our ambition is to build the most attractive financial toolbox for the 1 billion people that are connected cross border. A global AI first stablecoin bank for internationals. I think blockchain for the first time has found its real opportunity; to become the new underlying
technology for the whole banking system. In a world where money movements are free and where you as a customer have more control of your assets. I think stablecoin has a clear place.
What advice would you give to entrepreneurs and innovators looking to enter the cross-border payments or stablecoin space?
Start with understanding the problem you are trying to solve for the customers, not the technology. If it’s not a hard problem to solve, it’s probably not worth building a business around it.
Quote/Advice: “MAJORITY is a leading platform for money movement, supporting ambitious internationals with the tools to manage money, access opportunity, and thrive globally.”
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