Why Stellar And MoneyGram Teamed Up With Techstars To Improve Cross-Border Pa...
The Stellar Development Foundation (SDF) and MoneyGram, the payment solution company, have partnered with Techstars. The partners will cooperate to create a support program for developers around the world working on “technological innovation”. Related Reading | Stellar To Deploy Smart Contracts By End Of 2022? XLM Reacts To The Upside Specifically, the partners will focus on people trying to improve digital payments and blockchain technology. The objective is “streamline cross-border payments and support financial inclusion”, per a press release. Techstars is a company that, according....
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Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will act as a fiat on and off-ramp service for USD coin users.
Moneygram to Use Crypto for Remittances
Moneygram, a Dallas, Texas-based payments and remittances company, has announced a partnership with the Stellar Development....
LeFinance, a division of LeEco, a Chinese content provider, has teamed with the altcoin Stellar for cross-border payments and monitoring credits, according to a company blog. Stellar, a payment protocol and currency, aims to bridge the gap between cryptocurrencies and fiat by allowing instant exchanges between currencies. Jed McCaleb, the founder of Mt. Gox, Ripple and e-Donkey, co-founded Stellar in 2014 and serves as its chief technical officer. Stellar is a part of the “LeFinance Blockchain Lab” strategy, launched in March 2016 to deploy distributed technology across LeEco divisions.....
MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds. 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....
Payment giant MoneyGram International continues to cement its partnership with the Stellar ecosystem. Via an official post, the company announced a new stage for its collaboration by deploying a live cash-in and cash-out pilot initiative in the United States. Related Reading | Stellar To Launch New Europe-Africa Payment Corridor With This Partner After ending its relationship with payment solution company Ripple due to the U.S. SEC lawsuit against its executives, MoneyGram established a collaboration with the Stellar Development Foundation. In a little under 2 months, the partners....
The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches. Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat. Per a 6 Oct. announcement, MoneyGram has integrated support allowing crypto wallets connected to the Stellar Network to access its global retail platform. Working alongside Circle, MoneyGram will also enable “near-instant....