Coinspeaker
MoneyGram Announces Non-Custodial Wallet to Facilitate Cross-Border Transactions
International peer-to-peer payments and money transfer giant MoneyGram International has announced its intention to launch a non-custodial wallet to bridge crypto and fiat. According to MoneyGram, users will be able to exchange funds between fiat currency and the USDC stablecoin.
The MoneyGram wallet confirms the payment company’s interest in crypto. According to CEO Alex Holmes, the new wallet is MoneyGram’s way of looking into using blockchain technology to help people move funds around the world. Holmes said the plan is to support fiat transfers via blockchain technology without forcing people to end up with cryptocurrencies.
MoneyGram’s current service requires users to send funds to pick a destination. The user cannot decide to pause the transfer and hold funds in one fiat or another and can only send or receive the sent or selected fiat.
Holmes notes that crypto solves this proble
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