MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador By Cointelegraph
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MoneyGram to open transfer platform with Stellar, eyes wallet deal in El SalvadorMoneyGram 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 (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.
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MoneyGram to open transfer platform with Stellar, eyes wallet deal in El SalvadorMoneyGram 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 (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.
Continue Reading on Coin Telegraph
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