News
Colombians will soon be able to receive and store USDC through MoneyGram’s new crypto app, which will launch soon in app stores.
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MoneyGram News
MoneyGram International, Inc. is an American financial company that provides services for operations on the international financial markets. The company also provides international money transfer services. MoneyGram was founded in 1940 and is currently headquartered in Dallas, Texas. MoneyGram has an online platform for MoneyGram transfer tracking. There are MoneyGram apps available for both iOS and Android. MoneyGram fees depend on several factors, such as the country of the sender and receiver, the amount of money and the payment method. MoneyGram locations can be found via the official website. Bitcoin users frequently use MoneyGram to send or receive cash in different parts of the world, after converting Bitcoin via one of the listed cryptocurrency exchanges.
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MoneyGram’s services have been offline since Sept. 20, with the firm confirming three days later that the outage was due to a cybersecurity incident.
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CEX.io’s collaboration with MoneyGram and Stellar offers users expanded cash-in and cash-out options through USDC conversion.
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The noncustodial wallet will continue MoneyGram’s remittance focus, allowing users to easily convert their digital assets to fiat.
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Stellar’s pre-announcements may have caused traders to create multiple scenarios for potential XLM developments, but their impact on the XLM price could be short-lived.
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The financial details weren’t disclosed, but the investment gave the Stellar Development Foundation a seat on MoneyGram’s board of directors.
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MoneyGram's decision to integrate Litecoin into its crypto services and the coin's upcoming halving event has served as catalysts behind LTC's price rally.
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The bankrupt crypto lender has been accused by customers of being a Ponzi scheme. Meanwhile, Binance's $500 million investment in Elon Musk's Twitter has been confirmed.
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According to the company, users within select regions can now trade and store Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
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The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
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MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds.
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The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges.
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The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.
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MoneyGram customers in the United States will soon be able to buy Bitcoin in the country’s retail outlets across the country.
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While the partnership between Ripple and MoneyGram has been officially terminated, the two firms have expressed they are open to resuming collaboration in the future.
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