Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms

NewsGlobal Payment Processing Giant MoneyGram to Launch Non-Custodial Crypto Wallet

Global Payment Processing Giant MoneyGram to Launch Non-Custodial Crypto Wallet

Sep 27,2023,08:14

Reported Cointelegraph, Global payment company MoneyGram announced to launch a non-custorial crypto wallet built on Stellar network. The wallet will use Stellar network and MoneyGram's fiat on and off-ramp services to facilitate instant transaction.

The wallet will allow users to leverage stablecoin technology to move between fiat and digital currencies, and is intended to strengthen the company’s focus on its core competence of cross-border remittance and payment settlements. Wallet users will be able to send digital assets to other users as well, the company said.

MoneyGram wallet users will be able to cash out their assets at any partner MoneyGram facility, the company said, adding that all wallet users will have access to its global compliance screening tools to make way for safer and more secure digital assets transactions.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at [email protected]

Join Our Community

Get the BloFin App