Stellar dips into treasury to buy minority stake in MoneyGram

    The financial details weren’t disclosed, but the investment gave the Stellar Development Foundation a seat on MoneyGram’s board of directors. The Stellar Development Foundation (SDF) has become a minority investor in payments provider MoneyGram International. In an Aug. 15 X post, Stellar Development Foundation CEO and Executive Director Denelle Dixon announced the new investment saying…

    MoneyGram introduces crypto purchases via its mobile app

    Global payments company MoneyGram has added a service to its mobile app allowing US customers to buy, sell and hold Bitcoin, Ether, and Litecoin. Via the existing partnership with crypto exchange Coinme, the company expects to expand those cryptocurrency selections over the coming year. The new feature is being enabled by cryptocurrency exchange Coinme, in…

    MoneyGram partners with Stellar to enable transactions via USDC stablecoin

    Financial services company MoneyGram International has partnered with the Stellar Development Foundation, a non-profit organization developing Stellar blockchain, to enable consumer’s cross-border transactions using popular stablecoin USD Coin (USDC) and convert directly to and from fiat. According to an announcement published Wednesday, MoneyGram’s network will integrate with the Stellar blockchain to enable cash funding and…