
MoneyGram Announces Non-Custodial Wallet to Facilitate Cross-Border Transactions
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper.
The merger with Ant Financial will provide MoneyGram with resources to further develop its technology, systems and anti-money laundering and compliance programs.
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper.
Stellar Development Foundation said that the investment in MoneyGram in growing its digital business, researching blockchain technology, and contributing in other ways.
SDF CEO believes that the Money Fund is ideally suited to run on the Stellar blockchain network.
According to Chief Executive Officer Alex Holmes, cryptocurrencies are complementary to everything that one can do at MoneyGram.
Once the new service launches, MoneyGram platform will be using USD Coin (USDC) that the fintech company Circle and crypto exchange Coinbase jointly launched on the Stellar blockchain in order to quickly move value around the globe.
MoneyGram’s Chief Executive Officer Alex Holmes will remain at the helm of affairs in the company following the completion of the buyout.
Jay Clayton has a very positive disposition to Bitcoin (BTC) and Ethereum (ETH), both of which were classified as commodities by the SEC and the status was never challenged under his tenure.
The eventual refurbishing of the ledger-based stablecoin bridge between crypto and local currencies will begin in early 2022, with an aim to reconnect MoneyGram’s 150 million consumers.
Founded back in 2008, Tranglo has grown to an international payment processing company with 1,300 payout partners.
XRP, the digital currency that is central to the SEC onslaught, has caught on a new fire fueled by the latest victory Ripple inked.
Beyond Twitter, XRP holders have been looking for avenues to get involved directly with the SEC lawsuit.
In its announcement Ripple noted that it is happy with the progress it had achieved with MoneyGram.
Despite its efforts to resist being affected by Ripple’s crisis, MoneyGram might have a few tough months ahead.
The shares of MoneyGram may bounce back to better days as the legal team representing Ripple reportedly had a great showing in the first court hearing.
MoneyGram has noted that it is not a named party in the SEC vs Ripple lawsuit and that its relationship with the embattled blockchain payment firm remains unchanged barring any new developments.