MoneyGram launched Stellar-based crypto-to-cash service

MoneyGram launched Stellar-based crypto-to-cash service
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  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
BUSINESS

MoneyGram launched Stellar-based crypto-to-cash service

MoneyGram has finally rolled out its Stellar-based crypto-to-cash service.

06/11/2022

MoneyGram launched Stellar-based crypto-to-cash service

The collaboration between Stellar Development Foundation and MoneyGram aims to enable cash users’ access to cryptocurrency space through any participating MoneyGram location.  

MoneyGram’s crypto-to-cash service is available in Canada, Kenya, the Philippines, and the U.S.A. Its global cash-out functionality will be available by the end of June this year.

MoneyGram's crypto-to-cash service

According to the release , MoneyGram offers zero-fee service for the first 12 months. This initiative supports the inclusion of blockchain technology in the settlement process.

In addition, users can “load their digital wallets to cash out their digital currencies. The remittance company pointed out that its new service would target accelerated collection of funds, boosting efficiencies and reducing risks.

“We’re thrilled to work alongside the Stellar Development Foundation on this important initiative to bring more opportunities to consumers around the world by making the worlds of crypto and local fiat currency compatible,” MoneyGram CEO Alex Holmes said.

“At MoneyGram, we’re on a mission to deliver innovative financial solutions that connect the world’s communities, and the initial launch of this service is another important milestone on our journey,” Holmes added.

“It’s fascinating to launch this service ahead of schedule due to the strong collaboration of our technology teams. We look forward to further collaboration with SDF as we work on uncovering new ways to utilize the blockchain to streamline cross-border payments further.”

Stellar Development Foundation CEO Denelle Dixon stated, “A much-needed solution to the cash-to-crypto on/off-ramp problem is here,”

“Today, almost 2 billion people rely on cash for their livelihood, with no options to access the digital economy,” Dixon cited. “At the same time, a persistent pain point for crypto-native users is off-ramping cryptocurrency quickly and reliably.”

“The groundbreaking nature of this service is how it solves problems for a range of users with varying needs around the world,”

By Marielle Petere Wozinga Staff

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