MoneyGram Partners With Stellar Development on Blockchain Deal

Oct. 6, 2021, 8:16 PM

MoneyGram International Inc. is partnering with a non-profit that oversees a public blockchain to use its technology to speed up money transfers and payments settlements.

The partnership with Stellar Development Foundation will integrate MoneyGram’s network with the Stellar blockchain to facilitate payments using Circle Internet Financial’s USD Coin.

The deal will give Stellar wallet holders access to physical locations to convert USD Coins to cash and vice versa, Stellar Development’s Chief Executive Officer Denelle Dixon said in an interview. That means it effectively brings the blockchain into the non-digital world.

“This is huge for the Stellar network, and the wallets …

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