Moneygram Introduces Non-Custodial Crypto Wallet for Cross-Border Payments

Moneygram Introduces Non-Custodial Crypto Wallet for Cross-Border Payments

Moneygram, a leading money transfer company, announced plans to launch its own non-custodial digital wallet in partnership with the Stellar Development Foundation. The wallet will enable users to convert between fiat and digital currencies when sending cross-border payments.
Moneygram Partners With Stellar to Launch Non-Custodial Digital Wallet
Set to launch in the first quarter of 2024, the new digital wallet will allow Moneygram customers to cash out their digital assets at any participating Moneygram location worldwide. Additionally, the wallet will let users send digital assets to other wallet users. However, privacy advocates might take issue with the fact that Moneygram will apply its compliance screening to all wallet users.
“Our vision to connect the world’s communities by empowering our customers through innovative financial solutions takes another step forward today,” said Alex Holmes, CEO of Moneygram. Holmes added, “The Moneygram non-custodial digital wallet advance

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