Cryptocurrency News

MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador

05/31/2022

Less than a minute

2022.05.31 00:36

MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador

MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s USD Coin (USDC) to recipients, who will be able to cash them out for fiat currency through the MoneyGram network.

“We’re trying to be a bridge from the crypto world to the fiat world,” MoneyGram CEO Alex Holmes said in an interview.

05/31/2022

Less than a minute

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