news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

MoneyGram Launches Pioneering Global Crypto-to-Cash Service on the Stellar Network

June 10, 2022
Reading Time: 6 mins read
0
MoneyGram Launches Pioneering Global Crypto-to-Cash Service on the Stellar Network
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Powered by the Stellar blockchain and Stellar-enabled digital wallets, MoneyGram’s retail agent network, and Circle‘s USD Coin (USDC), a fully-reserved dollar digital currency, the service provides cash users access to the world of cryptocurrency via any participating MoneyGram location. This service is a monumental step towards bridging the gap between physical and digital currencies in a way that has not been done before at scale. As it develops, this solution will pave the way for blockchain technology to further financial inclusion, creating fluidity between cash and crypto so more people can benefit from the digital economy.

To support adoption, MoneyGram will offer this as a zero-fee service for the first 12 months.

“We’re thrilled to work alongside the Stellar Development Foundation on this important initiative to bring more opportunities to consumers around the world by making the worlds of crypto and local fiat currency compatible,” said Alex Holmes, MoneyGram Chairman and CEO. “At MoneyGram, we’re on a mission to deliver innovative financial solutions that connect the world’s communities, and the initial launch of this service is another important milestone on our journey. It’s especially exciting to launch this service ahead of schedule due to the strong collaboration of our technology teams, and we look forward to further collaboration with SDF as we work on uncovering new ways to utilize blockchain to further streamline cross-border payments.”

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto Crackdown: SEC Warns Exchanges They 'May Be Subject To … – Investing.com UK

March 23, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Regulation still key for the evolution of CeFi: Paris Blockchain Week – Cointelegraph

March 23, 2023

The partnership focuses on delivering a service that revolutionizes the settlement process. For the first time, settlement with MoneyGram will occur in near-real-time using USDC, one of the world’s fastest growing dollar digital currencies. This enables an accelerated collection of funds, improving efficiencies and reducing risks.

“A much-needed solution to the cash-to-crypto on/off-ramp problem is here,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “Today, almost 2 billion people rely on cash for their livelihood, with no options to access the digital economy. At the same time, a persistent pain point for crypto-native users is off-ramping cryptocurrency quickly and reliably. The groundbreaking nature of this service is how it solves problems for a range of users with varying needs around the world.”

With the launch of this service, digital wallet users can now move seamlessly from cash to cryptocurrency, to cash again — all without requiring a bank account or credit card. Consumers can now go into a MoneyGram location to either load their digital wallets to access the digital economy, or cash-out their digital currencies to increase the utility of their holdings.

Users of the Stellar-connected digital wallets Vibrant and LOBSTR, with more wallets expected to be added soon, can now access this service at MoneyGram’s participating international retail locations. This service also creates a developer platform that will allow more businesses within the Stellar ecosystem and beyond, including wallets and service providers, to expand the functionality and reach of MoneyGram’s integration with the Stellar network. For example, Elliptic, a global leader in crypto asset risk management, will provide MoneyGram with robust blockchain analytics solutions, and Wyre, a leading provider of blockchain payments APIs, will help other wallets, starting with Airtm, a digital dollar account, integrate with the MoneyGram service.

MoneyGram will expand access to the cash-in service into seven more countries by the end of June, at which point cash-out functionality will also be available globally, where permitted by law. Learn more about the service and how to access it at stellar.org/moneygram.

About MoneyGram International, Inc.
MoneyGram is leading the evolution of digital P2P payments. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve nearly 150 million people around the world over the last five years. The Company leverages its modern, mobile, and API-driven platform and collaborates with the world’s leading brands to serve consumers through MoneyGram Online (MGO), its direct-to-consumer digital business, its global retail network and its emerging embedded finance business for enterprise customers, MoneyGram as a Service. For more information, please visit ir.moneygram.com and follow @MoneyGram.

About Stellar
Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Financial institutions worldwide issue assets and settle payments on the Stellar network, which has grown to over 6 million accounts. For more information, visit stellar.org.‍

About the Stellar Development Foundation‍
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology. For more information, visit stellar.org/foundation.

About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USD Coin (USDC), one of the fastest growing dollar digital currencies powering always-on internet-native commerce and payments. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, a leading startup fundraising platform in the U.S. Learn more at https://circle.com

MoneyGram Media Contact
Sydney Schoolfield
[email protected]

Stellar Development Foundation Media Contact
Carolyn Yi
[email protected] 

Circle Media Contact
Elena Zheng
[email protected]

SOURCE MoneyGram

Tags: MoneyGram
Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto Crackdown: SEC Warns Exchanges They 'May Be Subject To … – Investing.com UK

by admin
March 23, 2023
0

Crypto Crackdown: SEC Warns Exchanges They 'May Be Subject To ...  Investing.com UK

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Regulation still key for the evolution of CeFi: Paris Blockchain Week – Cointelegraph

by admin
March 23, 2023
0

Regulation still key for the evolution of CeFi: Paris Blockchain Week  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

GetGo to Get Bitcoin Depot ATMs in Metro Stores – CSPDailyNews.com

by admin
March 22, 2023
0

GetGo to Get Bitcoin Depot ATMs in Metro Stores  CSPDailyNews.com

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’ | PBW 2023 – Cointelegraph

by admin
March 22, 2023
0

Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’ | PBW 2023  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bitcoin: The reality TV of the investing world? – The Motley Fool Australia

by admin
March 22, 2023
0

Bitcoin: The reality TV of the investing world?  The Motley Fool Australia

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong may face backlog in crypto license applications as demand grows, former SFC regulator says – Forkast News

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto founder Do Kwon indicted in US following Montenegro arrest – Reuters

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Terraform Labs co-founder Do Kwon arrested in Montenegro – The Washington Post

March 24, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong may face backlog in crypto license applications as demand grows, former SFC regulator says – Forkast News

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

March 24, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global