MoneyGram Partners with Stellar to Launch a Crypto Wallet Service1

Cryptocurrency on blockchain is a new project from MoneyGram. The operation of the service will be built on the Stellar blockchain using the Circle USDC stable coin for mutual settlements.

Platform users will be able to easily switch from digital to fiat money and vice versa. They do not need a bank account or card.

A press release from MoneyGram said that the service will initially be tested in several markets. Among them are the United States, Canada, the Philippines and Kenya. You can use the service at any MoneyGram branch.

The choice in favor of these markets, according to analysts, was made due to the large volume of transactions, and hence the demand. It will be possible to withdraw funds at the end of the current month.

Initially, several wallets running on Stellar will be added to the service. These are Vibrat and Lobstr. Subsequently, the developers promise to add other cryptocurrency wallets.

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.

 

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