Today Moneygram announced plans for a digital wallet that will use stablecoins as a conduit for cryptocurrency on and off ramps and for cross border payments. The non custodial wallet will launch in early 2024 in association with the Stellar Development Foundation (SDF). Last month the remittance firm revealed that SDF is an investor.
Moneygram has partnered with Stellar since 2021, initially using the USDC stablecoin on the Stellar blockchain for payments or to settle incoming remittances.
It’s already possible for anyone to visit a MoneyGram location to cash out their digital assets. The new wallet takes it a step further.
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