Fun

News Feed - 2023-09-26 10:09:31

Prashant Jha10 hours agoMoneyGram to launch noncustodial crypto wallets by Q1 2024The noncustodial wallet will continue MoneyGram’s remittance focus, allowing users to easily convert their digital assets to fiat.1205 Total views28 Total sharesListen to article 0:00NewsJoin us on social networksPayment processing giant MoneyGram is set to launch its own noncustodial crypto wallet, the company’s CEO, Alex Holmes, announced during the Stellar Development Foundation annual Meridian conference.


The noncustodial crypto wallet will be built on the Stellar network and hit the market in the first quarter of 2024. The wallet was created in partnership with Cheesecake Labs and will use the Stellar network and MoneyGram’s fiat on and off-ramp services to facilitate instant transactions. There will be no charge to use it until June 2024.


The wallet will allow users to leverage stablecoin technology to move between fiat and digital currencies, and is intended to strengthen the company’s focus on its core competence of cross-border remittance and payment settlements. Wallet users will be able to send digital assets to other users as well, the company said.


To make the digital assets more useful, MoneyGram wallet users will be able to cash out their assets at any partner MoneyGram facility, the company said, adding that all wallet users will have access to its global compliance screening tools to make way for safer and more secure digital assets transactions.


In recent years, MoneyGram has expanded its services to incorporate the digital asset market and developed its global fiat on and off-ramp service for digital wallets in 2022. Since its launch, the company has expanded its service to eight Stellar network digital wallets. The services allow consumers to cash out in over 180 countries and make cash deposits in over 30 countries.


Related:Stellar partners with UNHCR to give Ukrainian refugees cash via USDC


Stellar, MoneyGram’s partner for its noncustodial wallet, is also a stakeholder in the remittance firm. The Stellar Development Foundation acquired a minority stake in MoneyGram in August, giving the foundation a seat on MoneyGram’s board of directors.


Cointelegraph reached out to MoneyGram for further details but did not receive a reply by publication.


Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.


Journeys: Hervé Larren on Bitcoin, Apes and the psychology of ‘blue-chip’ NFTs# Blockchain# Business# Wallet# Stellar# Adoption# MoneyGramAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposes‘Massive’ crypto use cases to surface by 2030 — Coinbase execCBDCs could support a more stable economy — if banks run the show

News Feed

PokerTON on Telegram: Game Community Reaches 85,000 in 2020 and Continues to Grow Rapidly
PokerTON on Telegram: Game Community Reaches 85,000 in 2020 and Continues to Grow Rapidly press release PRESS RELEASE. PokerTON– a Telegram-based platform f
Amaka Nwaokocha1 hour agoProShares prepares to launch unique Short Ether Strategy ETFProShares’ Short Ether Strategy ETF will start trading soon following the approval of the first Ethereum futures ETFs.368 Total views
Marco Castrovilli7 hours agoWhy the 2024 Bitcoin halving may play out differently than in the pastWhile the halving event is considered one of the main catalysts for Bitcoin bull markets, it may play out differently next
Bitcoin Will Eventually Be Transacted More Than Fiat Currency, Say 35% of Australians Surveyed
Bitcoin Will Eventually Be Transacted More Than Fiat Currency, Say 35% of Australians Surveyed A new survey finds that 35% of Australians believe bitcoin will ev
Ethereum’s Dencun upgrade to launch in 2 days: Here’s why it matters
Zoltan Vardai12 hours agoEthereum’s Dencun upgrade to launch in 2 days: Here’s why it mattersDencun — the most-anticipated upgrade since the Merge — is set to ship in two days, promising to significantly reduce l
Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold
Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than GoldGalaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right
Twitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps
Twitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps Twitter has set up a team to focus on “crypto, blockchains, and other decentralized technolo
US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year
US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report
What Facebook CEO Mark Zuckerberg Said in His Defense of ‘Free Expression’
Facebook CEO Mark Zuckerberg defended free expression in a speech at Georgetown University on Thursday. “[The internet] allows people to share things that wouldn’t have
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The char
OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Collateral
OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Collateral PRESS RELEASE. OpenDAO is proud and excited to announce that it is one of the
North American Bitcoin ETF’s First Trading Day Captures $165M in Volume
North American Bitcoin ETF"s First Trading Day Captures $165M in Volume The North American Purpose Bitcoin ETF launch on Thursday saw massive demand, as more tha