MoneyGram Rolls Out Crypto-to-Cash Service on Stellar Network

has announced the launch of a crypto-to-cash service in partnership with the Stellar Development Foundation .

Users will be able to convert fiat currencies, such as U.S. dollars or euros, into cryptocurrency tokens. , the Ripple rival officially joined forces with MoneyGram last October in order to pilot instant cryptocurrency transfers with the help of Circle’s USD Coin stablecoin. The second-biggest dollar-pegged stablecoin went live on the Stellar network back in February 2021. MoneyGram and Stellar started working on the joint project last March.

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Source: Cointelegraph - 🏆 562. / 51 Read more »