News
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 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 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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Ripple partner MoneyGram is facing a lawsuit alleging the firm issued misleading statements and failed to disclose XRP's status as an unlicensed security.
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"Due to the uncertainty concerning their ongoing litigation with the SEC, the company has suspended trading on Ripple's platform," says MoneyGram's quarterly outlook.
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MoneyGram sheds light on the nature of its partnership with Ripple.
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Ripple's partnership with MoneyGram may not be as warm as it once was, but it's paying off.
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MoneyGram saw a significant rise in user transaction numbers for May 2020 compared to the same period last year, coinciding with a partnership with Ripple that began last June.
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According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram.
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Major cross-border payments company MoneyGram has reported a “quiet quarter” with regards to its partnership with Ripple.
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U.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.”
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MoneyGram has reclassified $11.3 million in “Ripple market development fees” from revenue to contra expenses.
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